Tax Planning Tips 2023/24

The Spring Budget in March 2023 relaxed the limits on contributing to pension savings by individuals and their employers and removed the lifetime limit on the value of tax-efficient pension pots.

With these new changes, this guide highlights 50 ways in which you can currently use certain tax reliefs to your advantage and how to avoid some of the tax penalties. It can help you navigate the complexity of certain tax rules and create more tax-efficient plans for your future.

Inside you’ll find tips on:

• Personal and family planning
• Savings and investment
• Your property
• Retirement planning
• Estate planning
• Your business
• Employment and remuneration

For further guidance or to discuss any of the topics covered in the guide, contact Amal Shah or email our team at tax@geraldedelman.com.