UK Chancellor Rachel Reeves has talked about “simplifying” ISAs, which could mean slashing the annual allowance for savings ISAs, currently £20,000.

The government wants your money…

Watch full video at Charles Kelly Money Tips Podcast - https://youtu.be/uXcCqWj_xfs

They don’t produce wealth, they just tax those who do! They take from us to spend our money. High taxation is one of the reasons 10,000 millionaires left the UK last year. Check out my video on this.

As the tax year draws to a close, now is the perfect time to review your finances and take advantage of last-minute tax-saving opportunities. In the latest episode of the Charles Kelly Money Tips Podcast, we break down essential end-of-tax-year tips to help you reduce your tax bill legally and keep more of your hard-earned money.

1. Maximize Your ISA Allowance

You can save up to £20,000 tax-free in an Individual Savings Account (ISA). If you haven’t used your full allowance, now is the time to top it up.

2. Utilize Pension Contributions

Contributing to your pension not only grows your retirement fund but also reduces taxable income, with tax relief of up to 45% for higher earners. We don’t know how long this tax concession will last.

3. Claim Allowable Expenses

Self-employed? Ensure you claim all deductible expenses, such as home office costs, travel, and professional fees, to lower your taxable profit.

4. Use Capital Gains Allowance

Sell assets strategically to take advantage of the current capital gains tax-free allowance before it resets in the new tax year.

5. Gift Money IHT Tax-Free

Use your annual £3,000 inheritance tax gift allowance to pass on wealth without tax implications. Use it or lose it.

6. Use your accountant, tax specialist, financial adviser and other professionals to save you money.

Good advice can save you a fortune. Invest in yourself.

Don’t miss out on these end-of-tax-year strategies—watch the full video now!

7 Powerful Steps to Transform Your Finances in 2025

As we move closer to 2025, now is the perfect time to take charge of your finances and make it your most successful year yet. In the latest episode of the Charles Kelly Money Tips Podcast, we explore actionable strategies to help you achieve financial freedom and build wealth.

Watch full video - https://youtu.be/-k7HPn0u_Ok?si=j6ZpuTlRyCJzuIxY

Section 24 Property Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

#section24 #TaxSavingTips #EndOfTaxYear #FinanceTips #UKTaxes #WealthBuilding #MoneyManagement #PensionPlanning #TaxFreeSavings #CharlesKellyMoneyTips

UK Chancellor Rachel Reeves has talked about &ldquo;simplifying&rdquo; ISAs, which could mean slashing the annual allowance for savings ISAs, currently &pound;20,000.
The government wants your money&hellip;
Watch full video at Charles Kelly Money Tips Podcast - <a href="https://youtu.be/uXcCqWj_xfs">https://youtu.be/uXcCqWj_xfs</a>
They don&rsquo;t produce wealth, they just tax those who do! They take from us to spend our money. High taxation is one of the reasons 10,000 millionaires left the UK last year. Check out my video on this.
As the tax year draws to a close, now is the perfect time to review your finances and take advantage of last-minute tax-saving opportunities. In the latest episode of the Charles Kelly Money Tips Podcast, we break down essential end-of-tax-year tips to help you reduce your tax bill legally and keep more of your hard-earned money.
1. Maximize Your ISA Allowance
You can save up to &pound;20,000 tax-free in an Individual Savings Account (ISA). If you haven&rsquo;t used your full allowance, now is the time to top it up.
2. Utilize Pension Contributions
Contributing to your pension not only grows your retirement fund but also reduces taxable income, with tax relief of up to 45% for higher earners. We don&rsquo;t know how long this tax concession will last.
3. Claim Allowable Expenses
Self-employed? Ensure you claim all deductible expenses, such as home office costs, travel, and professional fees, to lower your taxable profit.
4. Use Capital Gains Allowance
Sell assets strategically to take advantage of the current capital gains tax-free allowance before it resets in the new tax year.
5. Gift Money IHT Tax-Free
Use your annual &pound;3,000 inheritance tax gift allowance to pass on wealth without tax implications. Use it or lose it.
6. Use your accountant, tax specialist, financial adviser and other professionals to save you money.
Good advice can save you a fortune. Invest in yourself.
Don&rsquo;t miss out on these end-of-tax-year strategies&mdash;watch the full video now!
7 Powerful Steps to Transform Your Finances in 2025
As we move closer to 2025, now is the perfect time to take charge of your finances and make it your most successful year yet. In the latest episode of the Charles Kelly Money Tips Podcast, we explore actionable strategies to help you achieve financial freedom and build wealth.
Watch full video - <a href="https://youtu.be/-k7HPn0u_Ok?si=j6ZpuTlRyCJzuIxY">https://youtu.be/-k7HPn0u_Ok?si=j6ZpuTlRyCJzuIxY</a>
Section 24 Property Landlord Tax Hike
Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.
Email <a href="mailto:charles@charleskelly.net">charles@charleskelly.net</a> for a free consultation on how to deal with Section 24.
Watch video now: <a href="https://youtu.be/aMuGs_ek17s">https://youtu.be/aMuGs_ek17s</a>
#section24 #TaxSavingTips #EndOfTaxYear #FinanceTips #UKTaxes #WealthBuilding #MoneyManagement #PensionPlanning #TaxFreeSavings #CharlesKellyMoneyTips

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.  Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.  Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.   For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.&nbsp; Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.&nbsp; Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. &nbsp; For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips Podcast

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. 

Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. 

Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.  

For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

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