A new tax year brings a clean slate – new allowances, renewed focus and a chance to put positive financial habits in place early.
Getting organised now, rather than rushing as deadlines approach, can help you make the most of available tax reliefs and keep your longer-term plans on track. A few simple actions at the start of the year can go a long way.
Make the most of your allowances
- Use your ISA allowance – you can invest up to £20,000 into ISAs this tax year. Investing early gives your money more time to grow free from UK Income Tax and Capital Gains Tax
- Don’t forget Junior ISAs – you and others can also contribute to a Junior ISA for your children, helping to build tax efficient savings for their future
- Review your capital gains position – making use of your annual exemption can help reduce tax on investment profits
- Boost your pension savings – pension contributions attract tax relief and may reduce your taxable income. Spreading contributions across the year can make planning easier
- Think about Inheritance Tax planning – using lifetime gifting allowances can gradually reduce the value of your estate while supporting family members.
Set the tone for 2026/27
The start of the tax year is the perfect moment to step back and review your wider financial plan. Are your investments aligned with your goals? Are you saving in the most efficient way?
Small, proactive decisions now can create flexibility and confidence for the years ahead. If you’d like to explore your options for 2026/27, we’re here to help you build a clear, considered plan.
The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. The Financial Conduct Authority does not regulate Will writing, tax and trust advice and certain forms of estate planning. Tax legislation and rates can change, and their application depends on individual circumstances.