It’s that time of year when you may be having to scratch around for some additional savings in order to cover some or all of your personal tax bill due on 31 January 2015.
Was this year’s tax higher than expected? Perhaps higher than you would have liked anyway.
There are a number of ways to help towards maximising your financial position whilst at the same time, being tax efficient.
These may include:
- Making personal pension payments
- Investing savings into an ISA
- Maximising all expenditure for your buy-to-let property
- Ensuring the best rate for your buy-to-let property mortgage
- Incorporating your business
- Maximising all expenditure claimed against your business profits
- Donating to charity
Whether they are suitable for you depends on your personal situation, your income levels, your age, your retirement plan, your family set up and your attitude to risk.