The end of the income tax year on April 5th 2018 is approaching, and it may be timely to think about some tax planning.
Make ISA contributions if you have not done so already. Current interest rates are so low that it might seem not worth the bother, but ISAs might still serve as the first steps in setting up a private pension scheme for yourself while maintaining some liquidity.
If you are running a small company, then it may be a good idea to have a payroll scheme in existence and to be paying yourself a salary in order to make some use of your Personal Allowance. You may wish to vote yourself a dividend, at least up to the tax-free limit of 5,000 pounds per person. Discuss these topics with your accountant. We can produce dividend minutes and tax vouchers to assist you.
If you have a portfolio of shares, then you may wish to cash some in and to buy others, and at the same time make use of the Annual Exemption for Capital Gains Tax of 11,300 pounds. Again discuss this with your accountant.