A quick checklist before 5 April (and before the 11 March Budget, where lots of things may change!)

1. Maximise ISA savings
2. Review pension contributions
3. Consider pension tax breaks for your children (even minors)?
4. Use your capital gains tax allowance
5. Use your £2k dividend 0% tax band
6. 30% income tax relief, using EIS/VCT investments?
7. Review and note gift aid tax relief
8. Pay any outstanding 31 January 2020 tax before the end of February, to avoid a penalty
9. Check your PAYE coding notice and benefits package
10. Will your tax on rental income rise, due to the interest restrictions?
11. Use personal allowances of spouse, children and grandchildren
12. Are you paying high marginal rates of tax?
13. Business – extract cash in a tax efficient way (salary, loan, dividend, rent, pension?)
14. Trusts – create new ones; distributions from existing ones; close down old ones; do you need to complete the trusts register and keep sufficient records?
15. Inheritance tax – gifts, update will or letter of wishes, create lasting power of attorney
16. Get a fixed fee quote for your 2020 tax return
17. Are you a Scottish or Welsh taxpayer?
18. Are any overseas assets or income taxed correctly in the UK and overseas?
19. Have you set up your online personal tax account with HMRC?
20. Do you have a tax payment on account to make on 31 July 2020?

These are prompts rather than fine detail – for further information please contact me.