End of Tax Year Planning for 2024/25 UK: Key Tips for UK Taxpayers

As the end of the 2024/25 tax year UK approaches on 5 April 2025, now is the perfect time to review your finances and take action to minimise your tax bill. Effective end of tax year planning helps you make full use of allowances, reduce liabilities, and stay ahead of HMRC deadlines.

1. Review Income and Use Your Allowances for End of tax year planning 2024/25 UK

Start by assessing all income sources, employment, self-employment, property, dividends, and savings. Ensure you’ve fully used:

  • Your Personal Allowance (£12,570)

  • Dividend Allowance (reduced to £500 for 2024/25)

  • Savings Allowance (£1,000 basic rate / £500 higher rate)

Consider income-splitting strategies if you’re in a partnership or marriage to balance tax brackets.

2. Maximise Tax-Efficient Investments for End of tax year planning 2024/25 UK

Use up your ISA allowance (£20,000) before 5 April 2025.
Explore other tax-advantaged options if they fit your goals and risk profile:

  • Stocks & Shares ISAs

  • Innovative Finance ISAs

  • Venture Capital Trusts (VCTs)

  • Enterprise Investment Schemes (EIS)

3. Review Pension Contributions for End of tax year planning 2024/25 UK

Boosting your pension is one of the most effective ways to reduce your tax liability.

  • Check your Annual Allowance (£60,000 in most cases)

  • Consider carry-forward relief from the past 3 tax years

  • Get advice if you’re close to the lifetime allowance threshold

4. Plan for Capital Gains Tax (CGT)

The CGT annual exemption is now only £3,000 for individuals.

  • Offset gains against any losses

  • Time disposals to fall into the current year

  • Transfer assets to a spouse or partner (if lower tax rate)

5. Use Charitable Giving for Tax Relief

Donations to UK-registered charities via Gift Aid can extend your basic rate band or reduce your tax liability.
Make donations before 5 April to include them in the current tax year.

6. Use Spousal or Civil Partner Allowances

  • Transfer unused Personal Allowance via the Marriage Allowance

  • Shift income-producing assets to the lower-earning spouse

  • Ensure all transfers are legitimate and well documented

7. Get Expert Guidance for your End of tax year planning 2024/25 UK

Tax planning rules change and mistakes can be costly.
A tax professional can help you:

  • Avoid penalties

  • Maximise your reliefs

  • Create a year-end strategy tailored to your goals

Final Thoughts

Proactive end of tax year planning for 2024/25 gives you control over your finances. Don’t wait until the deadline is looming, take steps now to protect your income, reduce your liabilities, and plan ahead with confidence.

Planning ahead also means knowing your deadlines. Read our guide on when to file your 2024/25 tax return to stay compliant and avoid penalties.

If your business invests in innovation, don’t miss our article on R&D accounting in the UK for 2025, capitalising development costs could make a big difference.

Need help with your tax strategy?
Speak to APT Tax Accountants today, we’ll simplify the process and save you more.

Team Planning for the End of tax year planning 2024/25 UK
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