End of Tax Year Planning - A Checklist

1. ISA payments for the current and new tax year.
2. Maturing TOISAs – do you have one?  Are you looking for a better return this time round?
3. Personal Allowances – if you are married, are you making the most of the double allowance available, and if you are aged over 65, are your investments affecting your right to higher age allowance?  If so, please get in touch.
4. VCTs – these are definitely buy while stocks last and "on notice" to end this year.  So if you want to take advantage of these now, please contact us urgently.
5. Tax Free Cash from your pension – do you have a previous paid up pension?  Do you know how much tax free cash you are entitled to?  If it is greater than 25% of the fund, are you taking steps to protect it in the new regime that comes into being after 6 April 2006?
6. CGT planning - is this relevant for you?  Are you making capital gains this year, and taking income?
7. IHT planning – are you making full use of your annual exemption?  Married couples can give away £3,000 each this year, and a further £3,000 for last tax year if they have not already done so.
8. Present contribution rules into Personal Pension Plans are changing post 6 April 2006 – are you making full use of the present rules?  Please ask if you want assistance.
9. Company Year ends – do you have a company with a 31 March 2006 year end?  What type of remuneration will you be taking in the new tax year?  Will you be trying to decide on whether to make any Single company pension contributions?
10. Do you have a PPP that could benefit from re cycling of the tax free cash – with up to an additional 40% tax relief available on your tax free cash?