With spring arriving, tax may be the last thing on your mind. However, with a bit of thoughtful and intelligent planning you can make sure you don’t end up paying more tax than you have to.
There are a variety of tax allowances available to encourage certain behaviour, such as saving and certain types of investment. However, with the end of the tax year (2013/14) on 5 April, time is running out for you to take advantage of them. At the same time, the government has tightened up some of the rules surrounding them, making one popular strategy impossible.