We use cookies to provide you with a responsive service to make your experience of our website(s) better. Please confirm that you agree to our use of cookies in accordance with our cookies policy.

By continuing to use our website we will assume that you are happy to receive non-privacy intrusive cookies. Please be aware that if you disable cookies some functionality on the site will not work.

Alternatively, read our cookies policy to find out more about our cookie use and how to disable cookies.

    • Protect the environment. Think before you print.

Last-minute tax planning tips for advisers' clients

London, March 14, 2017

Leading platform provider Zurich has pulled together a handful of tax planning tips for advised clients who tend to leave their planning to the final days and weeks leading up to tax year end.

The list ranges from regular tips including maximising annual ISA and pension allowances, to suggestions particular to the 2016/17 tax year such as making the most of the £10,000 Money Purchase Annual Allowance before it reduces to £4,000 next month.

The tips are included within a tax planning microsite built by Zurich, which is available for advisers to forward onto their clients to help generate conversations on financial planning.

The microsite, which begins with simple tax planning ideas before covering more complex concepts, invites readers to contact their financial adviser if they would like more information. 

Zurich's last-minute tax planning tips include:

  • If you have taken a withdrawal from a cash ISA, have you replenished it?
  • Check to see if you are impacted by the 2014 reduction in the pensions Lifetime Allowance as a deadline to protect some of your savings ends on 5 April 2017.
  • Have you made full use of your available Inheritance Tax exemptions?
  • Are you approaching – or over – your annual Capital Gains Tax allowance?

There is also a section highlighting how higher rate taxpayers can increase their overall wealth by saving into their pensions.

Alistair Wilson, Head of Retail Platform Strategy, said: “With tax year-end fast approaching, clients who don’t make the most of their tax allowances will lose them. That’s why we have put together a series of tax planning tips to help advisers spark conversations with their clients and maximise their tax efficiency.

“The site brings together several tax saving tips that clients can review and decide for themselves if they could benefit from them. Making the most of today’s tax allowances could help investors control how much tax they pay later on in life when money may be tighter.”

-- Ends --

Media contacts

Chris Johnson
Media Relations Manager
Zurich UK
Mobile: 07812265245
Twitter: @zurichukmedia