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New tax year, ten tax tips!

Admin
  • If possible, consider bringing forward the payment of income ahead of 6 April 2023, before the reduction in the additional rate threshold and the dividend allowance.


  • Consider taking action to reduce taxable income, particularly where income falls just above one of the thresholds.


  • Make use of your personal allowance.


  • Make use of your ISA allowance.


  • Make use of your pension allowance.


  • Consider making gifts to charity.


  • Consider making gifts to family members.


  • Consider making use of capital losses.


  • Consider making use of your spouse’s personal allowance.


 
 
 

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