Use it or lose it: how tax allowances can help future-proof your finances

25/01/2022 / Liberty news

When you’re setting goals for the future, it can be hard to find the path between the place you are now and the place you want to be.

The answer usually lies somewhere in the relatively mundane but important matter of planning. After all, the biggest steps you take in life tend to begin with small steps in the right direction.

This certainly applies to any aspirations or objectives that involve money. Whether you’re saving for a new home deposit, considering starting a family, looking to set up your own business or making other plans for the future, you’re likely to start with ensuring you have solid financial foundations.

That can entail lots of small steps. One is to take advantage of every opportunity open to you, especially when it comes to tax.

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New tax year checklist

As world events continue to buffet the economy, the new tax year may not be the first thing on your mind. But using available tax breaks while you have them helps put you in a much more stable financial position for the short and the longer term.

Creating a world you believe in

Let’s think about the future for a moment. Our world in the future. A world that is cleaner, safer, and fairer: one that you want to live in, and the one you want to pass on to future generations.