Personal Tax Year-End Planning Guide 2022 - PKF Francis Clark
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Personal Tax Year-End Planning Guide 2022

With the tax year-end fast approaching, it is time to turn your mind to whether there are any measures you can take prior to the beginning of April, which may improve your tax position.

PKF Francis Clark has produced a personal tax year-end planning guide which runs through some simple housekeeping actions to get your affairs in tip-top shape for the coming year.

Tax advice isn’t just for the very rich – as the uprating of numerous allowances and rate bands fails to keep up with inflation, more and more people are being brought into the scope of higher taxes and some very simple and basic rearrangements of their affairs can result in savings.

We are not speaking here about the type of complex ‘schemes’ that HMRC is likely to challenge, but simple uncontentious measures such as using all of your available allowances and reliefs, and planning the timing of gifts or disposals, to ensure that you minimise any tax payable. Making pension contributions and charitable donations can also legitimately reduce tax, whilst saving for the future. PKF Francis Clark’s private client teams specialise in advising clients on simple measures to ensure they pay the correct amount of tax.

Please speak to your usual PKF Francis Clark adviser if you would like more information on any of the topics covered.

FEATURING: Faye Howard
Faye Howard is a partner in our Private Client department, heading up the teams in our Poole and Salisbury offices. Faye works with clients, including… read more
FEATURING: Lisa Macpherson
Lisa is the Head of Tax Technical at PKF Francis Clark, supporting the firm’s teams on tax policy and technical issues across its offices and… read more
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