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End of tax year: Making the most of allowances

By Tom Carnegie, 29 Jan 18

Advisers should act now to make sure their clients make the best use of allowances as the countdown starts for the end of the UK tax year. Click through the slides to see the Prudential technical team’s list of actions advisers should consider.

Use it or lose it
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Use it or lose it

Cameron says if someone has used their annual allowance for the current year then they can carry forward annual allowance for the past three years, starting with the earliest year first.

“This means that annual allowance from 2014/15 can still be used but this opportunity will disappear on 6 April when the new tax year begins. Use it or lose it,” he said.

Tags: Prudential

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.