Review your salary sacrifice arrangements.
Consider raising this amount if you’re currently contributing a portion of your pay to a pension or other benefits. Your taxable income will be lower as a result, which may help offset any tax increases brought on by the tax freeze.

Check your tax code.
You may end up paying more tax than necessary if your tax code is incorrect. Make sure to review your code and make any necessary updates.

Tomorrow we will look at how using tax efficient investments can help. Please contact us for more information on how we can help protect your future financial well-being and the options available to you.

A pension is a long-term investment not normally accessible until age 55 (57 from april 2028 unless plan has a protected pension age). The value of your investments (and any income from them) can go down as well as up which would have an impact on the level of pension benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits. Tax planning is not regulated by the Financial Conduct Authority. Tax treatment varies according to individual circumstances and is subject to change.