Investing

The 2022/23 tax year ends on Wednesday 5th April, and with it, your annual allowances, which offer several tax benefits. Here are six ways to make the most of them. 

To help you take full advantage of your ISA and pension allowances before the end of the 2022/23 tax year, here’s your guide to the key dates you should know ahead of the deadline at 23:59:59 on Wednesday 5th April 2023.  

Capital gains tax (CGT) is the tax you pay when you sell, or ‘dispose of’, an asset for a profit – or gain. You used to be able to make thousands of pounds per tax year in capital gains from selling things you owned before paying CGT, and while some assets are free from CGT (more on this later) there have been a series of changes in recent years that seriously curtail the amount of profit – or gain – you can make before you need to start paying tax.

After a positive start to 2023, global markets and investors are preparing for some further stock market volatility. Here, we look at what’s behind equity market fluctuations this week and provide an update from the Nutmeg investment team. 

Clients invested in the Nutmeg Smart Alpha portfolios, powered by J.P. Morgan Asset Management, should benefit from a change which brings broader, active exposure to the domestic equity market.  

Chancellor Jeremy Hunt unveiled the government’s Budget today, which outlined its plans for spending and revenue raising from the next tax year and beyond. There were some significant changes to pensions announced, which could have an impact on the way you plan for retirement.

Look beyond the disquieting headlines around the health of the UK economy, and some of our largest multinational companies are thriving.  

In this month’s investor update, James McManus, chief investment officer, answers questions around the impact of stubborn inflation, the anniversary of the start of the conflict in Ukraine, the latest Brexit deal, and of course, Nutmeg portfolio performance during February. 

The last few years have certainly provided all of us with financial challenges and reasons to reconsider how we think about money. Whether it is job uncertainty created as a result of the pandemic or more recent speculation of a recession, spiralling inflation or the ongoing rising cost of living putting pressure on household income, financial stability has been brought into sharp focus. However, according to new insight from Nutmeg, one positive legacy is the significant shift in the attitudes and behaviours of women towards their money, and more importantly, their investments.  

Our helpful guide explains how to choose an ISA, the different types of ISAs, and how to make the most of your ISA allowance ahead of the tax year end.

Transferring or consolidating your ISAs could give you a clearer picture of your wealth, better value for money, and less admin in the long run.

When was the last time you thought about your future self?