January 10, 2023

The 2022/23 end of tax year guide: 7 allowances to make use of before 5 April 2023

Author

Michelle Boakes
Chartered Financial Planner

Michelle started working in  financial services in 2008, before becoming a Mortgage Advisor in 2011 and qualifying as a Financial Adviser in 2018. Michelle’s role is to meet with clients to discuss their goals and ...

The 2022/23 tax year ends on Wednesday 5 April. After this date, many allowances reset, and it could be your last chance to use some of them.

Allowances can help your money go further by reducing your tax liability. Reviewing your finances before the deadline could help you identify some allowances that could be right for you.

This guide explains how seven useful allowances work:

  • Marriage Allowance
  • ISA allowance
  • Dividend Allowance
  • Capital Gains Tax annual exempt amount
  • Pension Annual Allowance
  • Inheritance Tax annual exemption
  • Gifts from your income.

 

Download your copy of The 2022/23 end-of-tax year guide: 7 allowances to make use of before 5 April 2023 to find out more. 

If you have any questions about your financial plan and which allowances make sense for you, please get in touch.

 

This item was correct at the time of writing and the information contained may no longer be up to date.

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