14. March 2026

End of Year Tax Planning 1 of 6

## End of Tax Year Planning (1 of 6): Use Your Personal Allowance Before 5 April

With the end of the tax year approaching on 5 April, now is the time for business owners and company directors to review how they take income from their business.

For the 2024/25 tax year, most individuals can earn up to £12,570 tax-free through their Personal Allowance. If you run a limited company and take a mix of salary and dividends, ensuring your salary is set correctly can help reduce your overall tax bill.

If your spouse or civil partner has unused allowance, you may also benefit from the Marriage Allowance, potentially saving up to £252 in tax.

Unused Personal Allowance cannot be carried forward — so reviewing your position before 5 April could make a real difference.

*This is the first in our six-part End of Tax Year Planning series for individuals and businesses.*