As we move through the early part of 2026, and with the financial year end approaching, I wanted to take a moment to look ahead to the end of the tax year, which falls on Sunday, 5 April 2026, and to share a few observations that may be helpful as part of your wider financial planning.
As we approach the end of the fiscal year, the financial-planning landscape is once again shifting. Recent Government U-turns following the latest Budget are a clear example of this. Markets have continued their upward momentum, reinforcing an important reminder: long-term investing rewards discipline rather than delay.
At the same time, recent policy signals suggest a renewed focus on savings and allowances, with pensions, salary sacrifice, and structured planning firmly back in focus for those who understand how to use them effectively.
Each tax year brings with it a range of allowances and exemptions designed to support long-term financial outcomes. Many of the most valuable are available on a use-it-or-lose-it basis — once the tax year ends, any unused allowances are typically lost.
Depending on your circumstances, these may include:
- Pension allowances, where tax relief can significantly enhance long-term value
- ISA allowances, supporting tax-efficient growth and income
- Inheritance tax exemptions, which can help reduce future liabilities when used consistently
The reality is this: pension contributions, carry-forward opportunities, and salary-sacrifice strategies can deliver meaningful long-term benefits — but only if they are reviewed and implemented before the tax year closes.
What we are seeing across our client base is a growing divide between those who simply “let the tax year end” and those who take the time to plan — often unlocking opportunities they didn’t realise were still available.
Recent Budgets, including measures announced in 2024 and 2025, have reinforced the value of taking a forward-looking approach. With certain thresholds remaining frozen and some reliefs continuing to evolve, there can be merit in reviewing planning opportunities sooner rather than later.
There may be no immediate action required. However, starting the conversation early can allow time to:
- Identify which allowances are relevant to you
- Consider options at a comfortable pace
- Avoid last-minute decisions as deadlines approach
At Elevation Wealth Management, our role is not to chase headlines or react to noise. It is to help our clients make clear, confident decisions in a changing environment — aligning today’s allowances with tomorrow’s ambitions.
Over the coming weeks, we’ll be sharing a series of short insights highlighting where we believe planning opportunities still exist — and where inaction could quietly cost more than expected.
The end of the tax year is not about panic.
It’s about preparation.
Best wishes,
Tony Smith
Group Managing Director
Elevation Wealth Management