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Private client end-of-year tax planning

16 March 2022 / Andrew Robins , Anne Perrotin
Issue: 4832 / Categories: Comment & Analysis
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Time is short

Key points

  • Bear in mind the effect of the high income child benefit charge when clients’ income reach the £50 000 threshold.
  • Where possible business owners should bring forward dividend payments to benefit from the lower rates that apply in 2021-22.
  • Individuals with no earnings can make pension contributions of up to £3 600 a year.
  • Remind clients about the various gifts that can be made free of inheritance tax annually.

As tax advisers looking after private clients there are some questions that we routinely need to ask even if we cannot provide the services ourselves. One of the first things we always discuss with a new client is whether they have an up-to-date will for example. Having this conversation often causes a little stab of guilt when we think about our own affairs: how many times have we explained to a client that it is really...

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