End of Tax Year Money Tips Could Save You Thousands

End of Tax Year Money Tips Could Save You Thousands

End of Tax Year Money Tips Could Save You Thousands

With the end of the fiscal year 5th April, approaching fast and Coronavirus lockdowns restricting movement, now is the time to start planning on how to make the most of your savings and tax allowances – it could save you thousands!

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

In this Money Tips Podcast episode:

  1. Plan ahead – preferably with an advisor – and don’t leave things until the last minute
  2. See your accountant before not after the end of the tax year to reduce tax liability
  3. Look at the Lifetime ISA and get up to £1000 tax free from the government
  4. Top up your ISA or start one for tax free savings up to £20,000 per year
  5. Use your pension allowance and find your “lost” pensions
  6. 10 things you can do to thrive during Covid 19 isolation

Track down your “lost” pension scheme – https://www.gov.uk/find-pension-contact-details

UK Government Business Support Helpline (England)
Telephone: 0300 456 3565 Monday to Friday, 9am to 6pm

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You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income.

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If you’d like more information on how to quit the rat race, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community.

See more articles at www.moneytipsdaily.com

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