Guide: 7 allowances you might want to use before the end of the 2023/24 tax year

21st December 2023

When a new tax year starts, many allowances reset. So, checking if you could make use of allowances before Friday 5 April 2024, when the 2023/24 tax year ends, might be valuable.

This guide explores some of the allowances that could help your money go further. You might discover you could reduce your Income Tax liability by using the Marriage Allowance or find a tax-efficient way to save for your long-term goals by using an ISA or pension.

The guide explains seven key allowances:

Marriage Allowance
ISA allowance
Junior ISA allowance
Dividend Allowance
Capital Gains Tax Annual Exempt Amount
Pension Annual Allowance
Inheritance Tax annual exemption.

Download “7 allowances you might want to use before the end of the 2023/24 tax year” to learn if you could potentially reduce your tax bill.

If you have any questions about which allowances are suitable for you or would like to create a plan for 2024/25, please contact us.

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