New Year’s Tax Savings Resolutions

  • 20th January 2022

Are you making the most of your relevant tax planning opportunities? With the tax year-end (5 April) just around the corner, taking action now could give you the opportunity to benefit from any remaining reliefs, allowances, and exemptions.

In our latest newsletter, we provide some key tax and financial planning tips to consider before the end of the tax year. It’s also the perfect time to take a look at your circumstances and plan for the year ahead.

ISA’s

Get ready to beat the ISA deadline and give your financial future a boost. For any Savers or investors, they have under three months to use the £20,000 they can put into their tax-efficient Individual Savings Account (ISA) before the end of the financial year on 5 April. With interest rates at very low levels, looking at investing for the potential to achieve a bigger return from your savings might also be worth considering.

Adult Social Care reforms – what do they mean to you?

The government has set out its vision for the future of adult social care. We take a look at the new plans announced for adult social care reform in England. This includes a lifetime cap on the amount anyone in England will need to spend on their personal care, alongside a more generous means test for local authority financial support. At the end of the day, we all want the best possible long-term care for ourselves or our loved ones. By planning for the long term, you can help to ensure you have sufficient income to pay for any care you, or an elderly relative might require in later life.

Are you prepared for inflation?

Is your wealth protected from the damaging effects of inflation? Many people misjudge the damaging impact of low interest and high inflation on their cash savings. A sustained period of low-interest rates on cash savings and rising inflation could present a real risk to savers in 2022, even if the Bank of England (BoE) moves to increase interest rates in the coming months.

Other topics that we cover in this newsletter are:

  • Improve your financial life
    Setting a financial New Year’s resolution you’ll actually keep
  • Beyond profit
    How green is your pension?
  • New Year’s tax saving resolutions
    Make full use of your relevant tax planning opportunities
  • Time to bring your pensions together?
    3.6 million Britons have lost track of their pension savings
  • How much income will you receive from your State Pension?
    Knowing what to expect can be an important part of planning for life after work
  • Create a better world to live and retire in
    Pension investments to harness a more sustainable planet
  • The importance of financial protection
    Millions battling with financial hardship, relationship stress, and sleepless nights
  • Across the generations
    Pandemic forces people to reassess their finances
  • Mind the pension gender gap
    Women are being urged to think about their long-term savings
  • Could equity release fund your future?
    Freeing up funds or releasing money tied up in your home
  • Missing midlife workers
    Redundancy pushes over-50s out of the workforce
  • What’s your magic number?
    Keeping up your current lifestyle and enjoying your golden years
  • Live sustainably: how to be a conscious consumer
    The everyday choices we make all have impacts on our planet
  • Saving for a rainy day
    What’s the right emergency fund amount for you?

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Information contained within this article is not a personal recommendation of Forrester Boyd Wealth Management. The wording in this article is not to be construed as an offer or advice. We recommend you seek advice concerning suitability from your investment adviser.


All data and figures referred to in our news section are correct at the date of publishing and should not be relied upon as still current.

Information contained within this article is not a personal recommendation of Forrester Boyd Wealth Management. The wording in this article is not to be construed as an offer or advice. We recommend you seek advice concerning suitability from your investment adviser.