Here are a number of well tried and tested planning Pre Budget Tax Planning Points for Individuals to consider pre Budget day of 16 March 2016.
- Employees can enter Salary Sacrifice arrangements exchanging income for Approved Share Options or Pension Contributions.
- Make additional tax- relieved pension contributions.
- Shelter income in EIS or SEIS shares.
- Use ISA limits to the full.
- Time Capital Gains disposals to use the annual exempt of £11,100 to your best advantage. Don’t forget that transfers of capital assets between married couples is tax free.