Tax year end is a certainty but the rules don't stand still. With us you'll have free access to technical excellence, including Techlink.
Producing some of the best product technical support for tax year end, our product technical team examines the tax implications for a mix of wrappers and you can access the range of factsheets at our tech studio 24/7.
You also have access to Techlink including a regularly updated library and daily bulletin service providing information and insight on all aspects of taxation, pensions, trusts and a tax wrapper selector tool.
This year’s budget was hotly anticipated, with much speculation about how the Chancellor might generate tax revenue. Now the news is out, we’re delighted to share the Budget Bulletin from industry experts, Technical Connection. This in-depth analysis goes beyond the facts, and takes a detailed look at the tax changes that matter to your clients.
Tax year end hints and tips
Handy hints and tips on how to navigate the platform over tax year end, how to make use of the different processes, systems and reports available to you.
This document also includes our Pension and Isa account number details along with other important information on trading, applications and documentation, and fees.
Key dates and deadlines
To help you process all of your client transactions in time for tax year end, this document provides you with the key processing dates and actions to help you keep on track.
The document also includes details of other important information on trading dealing and settlement times and Bed and Isa rules to help you factor this into your planning.
Isa and Jisa
Where possible, your clients should use their annual Isa subscription limit of £20,000 for the 2020-21 tax year.
Jisa also carries a subscription limit for this tax year of £9,000 which is another opportunity for clients to maximise tax allowances while investing in their childrens' or grandchildrens' futures.
Our factsheet includes information on subscription limits and deadlines.
Tax year end provides an excellent opportunity to make sure clients are maximising available pension allowances.
Clients can benefit from tax relief on pension contributions for up to 100% of their annual salary, to a maximum of up to £40,000 (lower if they are a higher earner or already taking drawdown income).
They can also carry forward unused annual allowance from previous years, not to mention the opportunities around maximising the lifetime allowance (LTA).
Tax and investments
The tax year end provides a great opportunity for advisers to review their clients’ portfolios and ensure they are making the most of the tax-efficient investment options available to them.
There’s talk of possible tax changes for capital gains, if not this tax year then the next so make sure your clients are making full use of their allowances this year.
For adviser use only
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