The new tax year, 2022/23, brings the start of the 1.25% rise in dividend and National Insurance contribution (NIC) rates announced in September 2021 to help fund the NHS and social care.
In addition, rising inflation will put pressure on many people’s finances. On the positive side, growing economic activity will provide some opportunities for increased earnings, although these may result in higher tax liabilities.
Our guide offers advice on the principal opportunities you should consider and forms the basis of a good financial plan to complete the tax year. With ideas affecting income and investment, for couples, company directors and employees, and self-employed people.