Year end tax planning With one month to the end of the tax year there is still time to save tax for 2015/16. We have set out some points you may want to consider. Review dividend payment timing - with new dividend tax rates and a £5,000 dividend allowance from 6 April 2016, the timing of dividends could make a difference to the tax charge. Consider company car options - going forward for each tax year the taxable percentage increases 2% for each CO2 emission band and the diesel 3% supplement which was expected to be abolished from April 2016 is now to be retained. Review personal pension contributions to ensure annual allowances are being used effectively as from 6 April 2016 the annual allowance may be tapered for those with incomes over £150,000. Defer capital gains by reinvesting in Enterprise Investment Scheme shares. Please contact us to discuss your personal situation.