Last minute tips before tax year end

With days to go before 5 April tax year end, it’s the last opportunity to use up pension allowances, top up NICs gaps and maximise tax free ISA savings

The end of the 2024-25 tax year is on Saturday 5 April so the next few days are critical for making sure all tax free allowances have been used if you have any spare money.

Helen Morrissey, head of retirement analysis, Hargreaves Lansdown, said: ‘Tax year end is just days away, but there’s still plenty you can do to make sure you are optimising your retirement planning.

‘Making the most of your allowances enables you to benefit from tax relief and put you on track for a more financially resilient retirement.’

Here are Morrissey’s top five tips for maximising year end tax planning.

1. Are you making the most of your pension allowances?