January Update from our Sponsors
Happy Xmas from Lyndhurst
Happy New Year from all at Lyndhurst Financial Management Ltd.
The start of a new year is the perfect time to reassess how to reshape your personal financial journey. Whatever your circumstances and needs, we’re here to listen to your future plans and support you in achieving them.
When considering your options to save and invest, a key date that comes around quickly is the tax year end on 5th April 2023. It is a good idea to understand your tax allowances and if you haven’t considered using part or all of them then it may be something to discuss with your financial adviser.
There are many ways that you can save or invest. Individual Savings Accounts (ISAs) are an incredibly effective means of shielding your money from both Capital Gains Tax and Income Tax. To utilise your ISA allowance, you should make use of it before the tax year end deadline. There can also be benefits of using your allowances just after the tax year end for the following year deadline to maximise the opportunity for growth in a tax efficient environment.
Pension savings allowances also run between tax years and you might consider what contributions you have made during the period, especially as a business owner, as there could be benefits in making further contributions before the deadline.
There are limits to the amount you can contribute into tax efficient savings vehicles such as ISA’s and Pensions, so it is always a good idea to seek advice in these areas from a professional.
Lyndhurst wishes you a successful 2023 and if you need any help with your financial planning we have two offices on Harpenden high street and an office in Hitchin. Please pop in and see us.
Lyndhurst Financial Management Limited is authorised and regulated by the Financial Conduct Authority.
Adam Cook
Operation Director
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