Are you ready for tax year end?

27 February 2018



With the end of tax year just around the corner, you’ll want to help your clients make the most of their entitlements while they can.

Here are some key topics you might want to discuss with them.

Carrying forward unused annual allowance

Clients can boost their annual allowance by carrying forward any unused allowance.

Tapering of
annual allowance

Clients may want to use their £40,000 annual allowance from 2014/15 before it’s too late.

Lifetime allowance

Clients might want to consider waiting before they take their retirement savings.

60% tax relief on contributions

Clients can get their personal allowance back by making a contribution.

Child Benefit tax charge

Clients can avoid a tax charge by making a contribution which will reduce their income.

Carry forward case studies

Read our case studies to understand how carry forward works in practice.

Don’t forget…

As a mutual, we believe that our members should share in our success – so when we do well, we’ll aim to boost their retirement savings. We call this ProfitShare.

While we can’t guarantee that we can award ProfitShare every year, clients with existing Royal London plans that qualify for ProfitShare, might want to boost their ProfitShare award in April 2018 by making a single contribution. We must receive this by 6pm on Friday 30 March 2018.

Last updated: 23 Apr 2018

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London EC3V 0RL.