Final Call: Your 2025/26 Tax Year Checklist

There are just weeks left – here’s how to take action before 5 April

We’re now in the final stretch of the tax year and if you’ve been meaning to get your finances in order, now is the time.

At FTA Financial & Wealth Management, we’re supporting clients across the country with last-minute planning opportunities – from topping up ISAs to reducing their income tax bill before the window closes on Friday 5 April 2026.

Here’s your quick checklist to make sure you’re not leaving money on the table.

1. Have You Used Your £20,000 ISA Allowance?

Time is running out to invest up to £20,000 tax-free before the allowance resets.

Top tip:

• Use a Stocks & Shares ISA for long-term growth
• Make use of your partner’s allowance too
• Consider a Junior ISA if you’re saving for children

2. Have You Reviewed Your Pension Contributions?

Pensions remain the most efficient way to reduce income tax, grow wealth, and plan for retirement.

Check:

• Can you utilise this year’s allowance (up to £60,000)?
• Can you carry forward unused allowances from the previous three years?
• Can your limited company make an employer contribution to save on corporation tax up to 25%?

3. Have You Realised Gains Before the CGT Allowance Resets?

The Capital Gains Tax allowance is now at just £3,000 this year. If you’ve sold shares, property, or business assets, now’s the time to:

• Offset historic losses against gains made this tax-year

• Register losses to offset against gains in future years
• Transfer assets between spouses to use both allowances
• Shelter gains by repurchasing assets using ISAs or pensions where appropriate

4. Are You Close to Any Key Income Thresholds?

If your income is nearing:

• £60,000 (Child Benefit begins to be reduced and is effectively lost at £80,000)
• £100,000 (Personal allowance begins to be reduced by £1 for every £2 until this is effectively lost at £125,140)

Act now to reduce your taxable income through personal pension contributions, charitable giving, or other reliefs before it’s too late.

5. Have You Booked Your Financial Review?

Your tax position is just one piece of the puzzle. A good financial plan also considers:

• Investment strategy and market conditions
• Protection for your income and family
• Exit or retirement planning (especially if you own a practice)
• Estate and inheritance tax strategy

Final Thought: There’s Still Time — But Not Much

With just a few working weeks left in the 2025/26 tax year, the decisions you make now could have a real impact on your finances for years to come.

And if you’re feeling unsure, overwhelmed, or just short on time — we’re here to help.

Get in touch today and we’ll help you make the most of the 2025/26 tax year — before the door closes on 5 April.