This guide outlines the key pension contribution limits and tax reliefs for the 2024/25 tax year, emphasizing the unchanged Annual Allowance of £60,000 and the abolition of the Lifetime Allowance.
The article outlines essential strategies for UK small business owners to manage finances and minimize tax liabilities for the 2024/25 tax year, emphasizing structure, allowable expenses, and tax reliefs.
As the UK tax year ends on April 5, taxpayers should review their finances, maximise allowances, and prepare for tax filing to ensure a smooth transition into the new tax year.
Pension scams are increasing in the UK, making it crucial for individuals to recognize red flags and implement protective measures to safeguard their retirement savings.
To safeguard your wealth against UK tax changes, consider tax-efficient investments, regular financial reviews, utilizing allowances, and effective estate planning.
