If you read my blog last month you will recall, I covered the issues a business owner faces at year-end. As mentioned, this article is aimed at business owners who are approaching their business’ year-end and how this might affect your personal financial planning, including your mortgage and pension planning.

As your company’s year-end approaches, it's a challenging time with a focus on profitability, cash flow, and customer retention. It's crucial to take the time to review, plan, and take advantage of significant tax breaks available to business owners and individuals.

Personal and business finances are closely linked, and there are many time-limited allowances available. If you don't use them, they will be lost.

Consider these questions before your business’s year-end:

• Should you make a company or personal pension contribution?
• Should you pay yourself a bonus or a dividend?
• What capital investments do you need to make?
• What allowances should you use?

These decisions will impact your overall financial planning, including mortgage and pension planning, affecting your financial future.

Take the time now to review your business and personal financial position. Determine which allowances are available and the best way to use them for today but also for tomorrow.

We work with our clients and their professional advisers to navigate these choices. Significant gains can often be achieved by adjusting existing plans.

If you’d like to learn more, please get in touch.

Thank you for reading. but please do take the time to act. If you don’t, you could risk losing out and your future self might regret not taking action now. Act now to avoid future regret.

Tax treatment varies according to individual circumstances and is subject to change.

Taxation Advice is not regulated by the Financial Conduct Authority.

Approver Quilter Wealth Limited, Quilter Financial Limited, Quilter Financial Services Limited & Quilter Mortgage Planning Limited. Quilter Financial Planning Solutions Limited. April 2025.