top of page
Yorkshire Rose Financial Planning - White.png
Search

The 2022/23 end of tax year guide: 7 allowances to make use of before 5 April 2023

Writer: Gary LumbGary Lumb
Jan 4, 20231 min read

The 2022/23 tax year ends on Wednesday 5 April. After this date, many allowances reset, and it could be your last chance to use some of them.


Allowances can help your money go further by reducing your tax liability. Reviewing your finances before the deadline could help you identify some allowances that could be right for you.


This guide explains how seven useful allowances work:

  1. Marriage Allowance

  2. ISA allowance

  3. Dividend Allowance

  4. Capital Gains Tax annual exempt amount

  5. Pension Annual Allowance

  6. Inheritance Tax annual exemption

  7. Gifts from your income.


If you have any questions about your financial plan and which allowances make sense for you, please get in touch.


Comments

Yorkshire Rose Financial Planning Ltd is an appointed representative of Sense Network Ltd which is authorised and regulated by the Financial Conduct Authority. Yorkshire Rose Financial Planning Ltd is entered on the FS Register (https://register.fca.org.uk/s/) under reference 778188 and registered with Companies House England and Wales No. 10708121.

​

Registered Office: The Studio, Stables Lane, Boston Spa, Wetherby, LS23 6BX

 

The information contained within this website is subject to the UK regulatory regime and therefore targeted at consumers based within the UK. The Financial Conduct Authority does not regulate Tax Advice or Workplace Pensions

​

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.

bottom of page