When is the tax year end in the UK?

The UK tax year ends on 5 April every year. Most tax-related allowances reset at this point, so it’s important to review your plans before the deadline.

What allowances should I check before the tax year ends?

Common ones include your ISA allowance, pension annual allowance, capital gains tax allowance, and gifting exemptions. Depending on your situation, other allowances may apply too.

Can I carry forward unused allowances?

Some allowances, like certain pension annual allowance amounts, can be carried forward for up to three years if you’re eligible. Others, like your ISA allowance, are strictly “use it or lose it” each year.

Do I need financial advice for tax year end planning?

You don’t have to get advice, but a financial adviser can help you make informed choices, optimise your allowances, and tailor decisions to your personal goals and circumstances.

Tax Year End | Lloyds Wealth

Graphic showing calendar date 5th April with a clock icon

Home

Tax year end

Make the most of your allowances before the tax year ends. Our hub brings together the key deadlines, opportunities and insights to help you feel confident about your financial decisions.

You may feel that speaking to a financial adviser could help bring clarity at this time of year. All meetings, up to and including the presentation of your financial plan, are free. You’ll only pay if you choose to go ahead with our recommendations.

Book your free initial consultation

What you need to know about tax year end

While 5 April marks the end of the tax year, waiting until the last minute can mean missing out. Adviser conversations, decision‑making and processing times all take time, so acting early gives you the best chance to make the most of your allowances.

Tax-efficient allowances

Each tax year gives you a range of valuable allowances designed to help you save and invest efficiently. Making the most of these before the deadline could reduce your tax bill while boosting and supporting your long‑term plans.

Plan ahead

Deadlines can creep up quickly. Reviewing your financial situation early means you have time to make informed decisions, check contributions, and get any paperwork sorted, without the stress.

Changing circumstances

Life moves fast. A new job, an increase in income, or changes in your family situation could all affect how you manage your tax allowances. A quick review can help make sure your plans still fit your needs.

Support when you need it

Tax rules can feel complicated, and you don’t need to navigate them alone. Whether you want clarity on allowances or help making decisions, professional guidance can give you confidence and peace of mind.

Tax treatment depends on your individual circumstances and may be subject to change in the future.

Understanding tax jargon

Tax terminology doesn’t have to be confusing. We break down the most commonly used terms so you can understand exactly what they mean and how they may affect your financial plans.

ISA

Capital gains tax
Inheritance tax
Pension annual allowance
Pension tax relief
Lifetime allowance

Man and women looking at a laptop smiling

What is an ISA?

An ISA (Individual Savings Account) is a simple and tax‑efficient way to save or invest. Each tax year, you have an allowance that lets you put money away without paying income tax or capital gains tax on any interest, dividends, or investment growth.

Whether you’re building an emergency fund, saving towards a goal, or investing for the long term, ISAs are designed to help your money grow more efficiently. And because you don’t pay tax when you withdraw, they offer valuable flexibility as your plans evolve.

The value of your pension plan and its investments can go down as well as up, and there are no guarantees. You might get back less than you’ve paid in, and the benefits you receive will depend on the value of your plan when you take them.

Articles you might find helpful

Explore more of our expert insights to help you make informed decisions before the tax year ends. From practical tips to in‑depth explanations, these articles are here to support your planning and give you confidence at every step.

Questions people are asking

Here are some of the most common questions we hear at this time of year.

Keep exploring

If you’d like to dive deeper into the topics that matter most at this time of year, here are a few more insights we think you’ll find helpful.

Ready to make the most of your allowances?

Book a free consultation to review your options and make sure you’re making the most of every opportunity before 5 April. There are no hidden fees or charges, and you’ll only pay if you choose to go ahead with the recommendations in your personalised financial plan.

Speak to us

Book a free consultation

Tax year end