With November’s Budget fast approaching, Gary Walker Wealth Management is looking to help people get tax smart.
This blog is the first in a special series, where each week we’ll focus on one key tax relief or allowance that could help you plan more effectively for the future. We’re starting with one of the most popular – ISAs.
Click here to download the full guide.
When it comes to tax planning, ISAs are often the first stop – and for good reason. They’re one of the simplest, most effective ways to grow your wealth while shielding it from unnecessary tax.
An ISA is a great way of making your money work harder for you. Everything you earn from it is currently free of Income Tax and Capital Gains Tax, making it extremely tax efficient.
ISAs are also a flexible option if you want to start investing in stocks and shares. You can’t carry forward any ISA allowance you don’t use in a single tax year – so make sure you use as much of this year’s £20,000 allowance as you can.
Think of it like going to the gym – the real results come from making small, consistent contributions. By topping up your ISA each year, you’re giving your money the chance to compound. Even modest contributions add up over time, especially when the returns are reinvested free of tax.
It’s also worth remembering the flexibility ISAs offer. For couples, that allowance doubles to £40,000 between you, and for parents, Junior ISAs allow up to £9,000 a year per child. That means you can build a family-wide habit of smart, tax-efficient saving.
The key message? Use it or lose it. Once the tax year ends, the unused allowance disappears. So, whether you’re opening your first ISA or topping up an existing one, now’s the time to act.
Click here to download Gary Walker’s full guide to smart tax planning. Alongside ISAs, you’ll find insights on the Personal Savings Allowance, pensions, Inheritance Tax, and Capital Gains Tax – all designed to help you stay ahead this tax year.