The end of the tax year 2025/2026 approaches - Using annual allowances where available and appropriate
16 January 2026January is nearly halfway through and I and the team at Chapters Financial hope that you have had a great start to 2026 and that you are looking forward to the year ahead.
With some paying tax bills at the end of this month, the focus of the end of the current tax year comes into sight, and with Easter falling at the end of the tax year, the time available to use up any tax allowances is very slightly curtailed. If you have annual allowances remaining that you would like to consider (for example, ISA allowance or the annual allowance for pension contributions) then please do let us know. There are other allowances, such as gift allowances to be efficient for inheritance tax planning, that can be used where available and appropriate.
The effects of the Budget announcements from the end of November 2025 are now known and this allows many to plan ahead as we all face a higher tax regime over the coming years. Also, the Chancellor’s Spring Statement will be delivered on 03 March 2026, and this should be an update of the economic position of the UK, rather than the announcement of any further fiscal changes.
2025 saw many global economies evolve in their varying directions, with a few global leaders putting the proverbial ‘cat amongst the pigeons’ on occasion, creating much volatility in some markets, with subsequent further change and reaction. This is of course not a guarantee of future performance. The speed of change has increased, and that for me is the takeaway from the last year, and looking forward, no doubt the theme of the period ahead. The general acceptance of market volatility seems to have come of age, and understanding your own tolerance to investment risk might be worth revisiting if needed.
We are advocates of a regular review of financial planning arrangements to ensure that they continue to meet client needs as they look forward to the year ahead. Please do contact the team at Chapters Financial in Guildford for your financial, pension and investment planning needs.
We look forward to working with you over the coming year ahead and beyond.
No individual advice is provided in the course of this blog.
Keith Churchouse FPFS
Director
CFP Chartered FCSI
Chartered Financial Planner
Chapters Financial Limited is authorised and regulated by the Financial Conduct Authority, number 402899.
