11/03/2026
End of Tax Year Planning – What to Think About Before 5 April
If you’re self-employed or completing a Self Assessment, the tax year ends on 5 April. There are still actions you can take now to reduce your 2026/27 tax bill due January 2027.
1. Use Your Personal Allowance. Everyone gets £12,570 tax-free.
If your spouse earns less, consider Marriage Allowance. This could reduce the higher-earning partner’s tax by up to £252.
2. Maximise Pension Contributions. Higher rate taxpayers can claim extra relief via Self Assessment.
3. Check Business Expenses
Equipment, tools, software, professional subscriptions, and training are all allowable if purchased before 5 April.
4. Capital Gains Tax Planning
Everyone gets £3,000 CGT exemption for 2025/26.
If planning to sell shares, investments, or other assets, realising gains before 5 April can save tax.
5. Gift Aid Donations
Donations to charity under Gift Aid extend your basic rate band. Higher rate taxpayers can claim additional tax relief through Self Assessment.
6. Check Child Benefit / High-Income Thresholds
Individual income over £60,000 can trigger the High-Income Child Benefit Charge.