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2020/21 End of Tax Year Planning

2020/21 End of Tax Year Planning

What Is It?

All UK residents for tax purposes are entitled to a range of allowances that could reduce or reclaim tax paid in the current, and possibly the previous, tax years.

These include Capital Gains Tax Exemptions/Pensions & ISAs as well as VCTs & EIS investments.

These may also provide tax-free growth on future gains.

Clients with inheritance tax concerns can utilise gift allowances and Government initiatives, which can reduce inheritance tax for their beneficiaries.

Who are they potentially suitable for?

UK individuals with surplus cash who may have unused tax-efficient allowances to use up before the end of the tax year (5th April 2021).

Small Business Owners and Entrepreneurs who pay themselves through dividends and have limited pensionable earnings, as they could obtain tax relief on income tax paid on these dividends – this year and the previous tax year. 

Individuals seeking tax-efficient savings, in addition to pensions, for retirement.

Experienced investors as part of a diversified portfolio.

How can we help?

We can help you explore the opportunity to use available tax allowances and provide in-depth research and personal recommendations to suit your individual circumstances.

What should I do next?

If you would like us to advise you on tax allowances you may be entitled to; please contact Nick Chaitow in Critchleys Financial Planning.

M:07971 494050
DD:01865 261216


First Published 11 March 2021
Last Updated 11 March 2021

11 March 2021​
First published. 


This is for information purposes only. No action should be taken without seeking specific professional advice. Thank you.

*Critchleys Financial Planning LLP is an appointed representative of Quilter Financial Services Limited (FCA Register number is 440703) and Quilter Mortgage Planning Limited (FCA Register number 440718), Wiltshire Court, Farnsby Street, Swindon. SN1 5AH, which is authorised and regulated by the Financial Conduct Authority.

The permitted business of Quilter Financial Services Limited and Quilter Mortgage Planning Limited is advising on and arranging pensions, investments, mortgages, life assurance and general insurance.

You can check this on the FCA’s Register by visiting the FCA’s website or by contacting the FCA on 0300 500 8082. The FCA address is: 12 Endeavour Square, London. E20 1JN

Find out more about Nick Chaitow

Nick Chaitow

Nick Chaitow

Nick is a Chartered Financial Planner for Critchleys Financial Planning LLP.

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