Pay Less Tax Newsletter – Spring 2025 Edition

The new tax year is here, and with it comes a range of changes that could impact your finances — whether you’re a business owner, investor, or planning your estate. In our Spring 2025 edition of Pay Less Tax, we outline the key developments and offer planning tips to help you reduce your tax liabilities.

 

Employment Allowance – Make Sure You Maximise It

The Employment Allowance has increased to £10,500 from April 2025, offering a valuable opportunity for small employers to reduce their National Insurance liabilities.

 

Deferred Consideration – Selling a Business? Know the Tax Rules

When selling a business, how and when you receive payment can have a big impact on your tax bill. Understanding the difference between ascertainable and unascertainable payments is crucial.

 

Investors’ Relief – A Hidden Opportunity

Investors’ Relief offers a lower Capital Gains Tax rate of 14% for qualifying investments. It could be a valuable option for both businesses seeking investment and individuals looking to invest tax-efficiently.

 

Inheritance Tax – Significant Changes Ahead

Major changes to Inheritance Tax are due from 2026 and 2027, including new limits on Business and Agricultural Property Relief and the inclusion of pension pots within estates. Now is the time to review your plans.

 

Get in Touch

If you would like advice on any of these changes, or help planning for the year ahead, we’re here to help.