Time with family, fun, friends and Easter Eggs!

08 April 2019

Easter is now around the corner (late this year!) and I have no doubt that many will be looking forward to the break and all it offers. Time with family, fun, friends and Easter eggs, especially with most schools ending their terms for their rest in the weeks before Easter, rather than after.

We have also moved into the new tax year 2019/2020 (starting 06 April 2019) and the Spring Statement from The Chancellor, Philip Hammond MP, on 13 March 2019 did not add much to the expected plans and allowances for the tax year ahead, although considering the political turmoil of recent months, it will be interesting to see if the next full Budget (usually around November each year) is brought forward.

Nature comes alive at this time of year as the draw of the great outdoors begins, with a few buttered hot cross buns and coffee to help the sunshine along. However, as the winter ebbs away, now might be a great time to think about using your annually renewed tax allowances early in the tax year, so that you can enjoy the summer without any concern about missing any allowances as the tax year progresses.

For many of our clients, the focus of their financial planning might be to look at the following:

Standard Annual Allowance


Individual Savings Account (ISA)


Capital Gains Tax Allowance


Annual Gift Allowance (for inheritance tax purposes)


(You can go back one year if you did not use the tax year allowance in 2018/2019)

Pension Contribution

£40,000 gross from all sources

(The limit may be higher or lower than this amount dependent on your individual circumstances)

Personal Income Tax Allowance

£12,500 gross

These are only some of the examples of allowances that can be used, noting that the nil rate tax bands for savings interest (£1,000 gross in a tax year for basic rate tax payers) and dividend income (£2,000 gross in a tax year) remain unchanged.

We appreciate (and hope) that you have many more exciting things to look forward to this coming Easter. Whatever your plans, we hope you have a relaxing and enjoyable time.

Please do contact the team at Chapters Financial in Guildford to consider your needs in this new tax year. No individual advice is provided during the course of this blog.

Keith Churchouse FPFS


CFP Chartered FCSI

Chartered Financial Planner

Chapters Financial Limited is authorised and regulated by the Financial Conduct Authority, number 402899