The ongoing pandemic has certainly shed some light on the importance of planning for the unknown; for developing suitable savings and preparing for the future.
As we approach the end of the current tax year (ending 5th April 2021), now marks the perfect time to review, and where appropriate utilise, the full range of tax advantages and investment allowances available.
When deciding where to save, there are numerous key tax relief opportunities to consider, however, it is important to remember that the most suitable option will be based on your individual circumstances – attitude to risk, investment timescale, saving objectives and goals.
You must also remember that the value of investments can fall as well as rise. You may not get back what you invest. Tax rules can change, and their effects vary depending on your personal circumstances.
If you would like further information, or clarity on any of the points detailed below, or to speak to one of our qualified advisers, please contact us using the contact forums provided via the community website.