Pre Budget Tax Planning Points

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.

1.   Employees can enter Salary Sacrifice arrangements exchanging income for Approved Share  Options or Pension Contributions.
2.  Make additional tax- relieved pension contributions.
3.  Shelter income in EIS or SEIS shares.
4.   Use ISA limits to the full.
5.  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.