The new tax year on April 6 will mean many allowances change
In Tax Hacks, our columnist Mike Warburton – previously a tax director with accountants Grant Thornton – brings you his best tax-saving tips. Tax Hacks is published twice a month on Tuesday mornings
With just under a weeks to go before the tax year ends on April 5, now is the time to finalise your planning. There are many ways to cut your tax bill and changes today can protect yourself from future expenditure.
Here are some of the key issues for consideration:
1) We all need to save for our old age because the state pension is unlikely to be sufficient on its own. If you have a Self-Invested Pension Plan (Sipp) consider topping up before the year end, particularly if you are a higher-rate taxpayer.
One New Year s resolution some people will have in 2021 is to be become more environmentally friendly.
While this will no doubt include recycling more and using tote bags instead of plastic alternatives, consumers can also make a huge difference to the planet by going green with their money, according to consumer group Which?
How you spend your cash and where you keep it often has a direct impact on the environment whether you re paying your monthly bills or paying into your pension.
There are a number of steps consumers can follow to be more green with their money in 2021
This could be due to unwittingly funding everything from the development of renewable energy to the extraction of fossil fuels.