A game with two halves? No – Not football.
With all the news about global debt and the “Greek Problem” it is little wonder that some people are feeling “all financed out”.
However, it is important at this time to remember that the end of the current tax year is almost upon us – 5th April 2012.
It is time to check you have made full use of your tax allowances – ISA investment allowance, Capital Gains Tax allowance and your pension contribution allowance which may depend on the level of your taxable earned income.
As the end of the tax year approaches, there is also potentially a bigger ISA opportunity.
With the 2011/2012 (“first half”) and 2012/2013 (“second half”) ISA tax years to invest in, coupled with the introduction of the Junior ISA in November last year, a family of four could shelter £58,320 from the taxman.
Of course this depends on personal financial circumstances, preferred type of investment and attitude to investment risk and professional independent financial advice should be sought before making (or not making) decisions about investing.
Please note that the value of investments and any income from them can go down as well as up and you may not get back your original amount invested. Past performance is not a guide to future performance.