The 2025 Tax Year End: Your Last-Minute Checklist

The 2025 Tax Year End: Your Last-Minute Checklist - Zomi Wealth
The 2025 tax year ends on Saturday, 5 April 2025, meaning Friday, 4 April is your final chance to make the most of your allowances and tax-efficient opportunities. Whether you’re investing, planning for retirement, or making charitable donations, a little preparation now can mean big savings later.
To help you stay ahead, here’s a simple, easy-to-follow checklist to maximise your tax efficiency before the deadline.

Why the Deadline Matters

While the traditional last-minute tax-year rush may not be as intense as it once was, the deadline still matters. Unused allowances don’t roll over—once they’re gone, they’re gone.
Industry data suggests April sees a surge in investments, but this could be due to new tax-year planning rather than maximising the current year’s opportunities. Smart investors plan throughout the year, but the deadline is still the final call for tax relief opportunities.
So, let’s make sure you don’t leave anything on the table.
1. Maximise Your Tax-Efficient Investments
• Pension Contribution
The annual allowance is £60,000—contribute as much as you reasonably can before 5 April. If you have unused pension allowances from the last three years, you may be able to carry them forward. Contributions attract tax relief at your marginal rate—up to 45% for additional rate taxpayers.
• Individual Savings Accounts (ISAs)
The ISA limit is £20,000 per person per year—use it or lose it!
Consider spreading your allowance across:
Cash ISA – for risk-free savings.
Stocks & Shares ISA – for long-term investment growth.
Lifetime ISA (LISA) – for first-time buyers or retirement savings (bonus available up to £1,000 a year).
• Junior ISAs for Children
You can contribute up to £9,000 per year per child.
A great way to invest for their future while keeping returns tax-free.
2. Take Advantage of High-Risk
Investment Tax Breaks For those comfortable with higher risk, certain government-backed schemes offer generous tax reliefs:
• Venture Capital Trusts (VCTs)
Invest up to £200,000 per year.
Receive 30% income tax relief (must hold for at least five years).
Gains and dividends are tax-free.
• Enterprise Investment Scheme (EIS)
Invest up to £1 million (or £2 million in knowledge-intensive businesses).
Receive 30% income tax relief.
Capital gains tax (CGT) deferral and inheritance tax (IHT) benefits after two years.
These are not for everyone—they involve investing in small, high-risk companies—but they can be highly tax-efficient for experienced investors.
3. 2025 Tax Year End Reliefs: Act Before They Change
Some key tax reliefs are changing soon. Act before 5 April 2025 to take advantage of current rates.
• Business Asset Disposal Relief (formerly Entrepreneurs’ Relief)
Sell all or part of your business and pay 10% capital gains tax (CGT).
From 6 April 2025, this rises to 14%—so selling before the deadline could save thousands.
• Investors’ Relief
Available for unlisted shares in trading companies.
Allows you to sell shares with only 10% CGT.
• Agricultural Property Relief & Business Property Relief
Currently 50–100% IHT relief on agricultural and business property.
From 6 April 2026, a new £1 million cap applies—so if you’re planning to gift land or business assets, doing it sooner could mean significant tax savings.
4. National Insurance (NI) – Plug Any Gaps in Your Record
• State Pension Contributions
You have until 5 April 2025 to fill gaps in your National Insurance record.
If you haven’t paid enough NI over your working life, your State Pension could be reduced.
Voluntary Class 3 NI contributions can help boost your future pension.
Full State Pension in 2025/26: £221.20 per week (~£11,500 per year).
If you have gaps in your record, it’s worth checking with HMRC whether voluntary top-ups are right for you.
5. Giving to Charity – A Tax-Efficient Way to Donate
• Gift Aid Donations
If you’re a higher-rate (40%) or additional-rate (45%) taxpayer, you can claim extra tax relief on donations.
Example: Donate £100 → The charity claims £25 Gift Aid from HMRC.
As a higher-rate taxpayer, you can claim back an extra £25 on your tax return.
• Donating Land, Property, or Shares
No CGT or Income Tax payable on gifts of certain assets to charity. Giving to charity before 5 April 2025 can help reduce your tax bill while supporting good causes.

Final Thoughts: Act Now, Save Later

The end of the tax year is fast approaching, and once 5 April 2025 has passed, these allowances reset.
✅ Use your ISA and pension allowances.
✅ Take advantage of tax reliefs before they change.
✅ Ensure your National Insurance record is up to date.
✅ Consider tax-efficient charitable donations.
Even if you’re not sure what’s best, speaking to a financial adviser before the deadline could help ensure you don’t miss out on valuable tax-saving opportunities.
Don’t leave it too late—make your tax year-end arrangements before Friday, 4 April!

Sources:

https://www.firstwealth.co.uk/article/2025-tax-year-end-five-words-from-a-wealth-manager

Picture of Zomi Wealth

Zomi Wealth

Comments are closed.

Latest posts

Download Our App

Seamlessly manage your finances, invest smarter, and achieve your financial goals with our cutting-edge solutions.

Do you enjoyed this article?

Subscribe to our newsletter for exclusive tips, expert advice, and the latest updates from Zomi Wealth—delivered straight to your inbox.

“Zomi Wealth’’ is a trading name of Whiteleaf Financial Limited who are authorised and regulated by the Financial Conduct Authority (FCA), FRN 149309. Past performance is not indicative of future returns. An investor may get back less than the amount invested. Information on past performance, where given, is not necessarily a guide to future performance. The capital value of units in the fund can fluctuate and the price of units can go down as well as up and is not guaranteed. The opinions and views expressed in this newsletter may not necessarily reflect the views of Whiteleaf Financial Limited or its affiliates. The information provided in this newsletter is for informational purposes only and does not constitute a recommendation from any Whiteleaf Financial Limited entity to the recipient. Whiteleaf Financial Limited is not providing any financial, economic, legal, investment, accounting, or tax advice through this newsletter or to its recipient. Certain information contained in this newsletter constitutes “forward-looking statements,” and there is no guarantee that these results will be achieved. Whiteleaf Financial Limited has no obligation to provide any updates or changes to the information in this newsletter. Whiteleaf Financial Limited always recommends that the recipient take independent financial advice.
Alternative investments often engage in leverage and other investment practices that are extremely speculative and involve a high degree of risk. Such practices may increase the volatility of performance and the risk of investment loss, including the loss of the entire amount that is invested. These investments are usually highly illiquid and generally not transferable without the content of the sponsor.

Investing in cryptocurrency is highly speculative and involves significant risk to capital, as its value is extremely volatile and can fluctuate widely in short periods. It is not regulated by the Financial Conduct Authority, meaning investors may not have access to financial protections, including the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service. There is also a risk of loss from fraud, cybersecurity breaches, or operational failures within cryptocurrency platforms. Investors should carefully consider whether they can afford to lose the entirety of their investment.

Want to know more?

Know more about Zomi Wealth, how we invest, our plans and how to be a part of Zomi Wealth. Contact Us!

Contact Us

Experience the Future of Investments!

Seamlessly manage your finances, invest smarter, and achieve your financial goals with our Zomi Wealth App.

Post Views: 36

The 5 Pillars To Grow Your Brand

Download your checklist!

Send

Thank you for your submission.