Hello and welcome to our brand new Wednesday show. It's called The Money Vault where we go over

some of our classic evergreen content. And this week, Damien, we are covering the tax year checklist.

So this is an episode we recorded back in 2025 for the end of the tax year. And the content is still

relevant to this tax year end. So the tax year ends on the 5th of April,

2026, and that is Easter Sunday. So the checklist that you're going to hear is going to help

you with all the things you should be thinking about doing head of the tax year end. There is going

to be a link in the notes of this new episode where we've updated the full checklist on the Money to the Matters website.

So do make sure you go and check that out. So I'm going to run through a checklist of all the

things you should be thinking about ahead of the tax year deadlines. There's a number of things

you should be thinking about with your personal finances, particularly to do with tax allowances. Now, all the things I'm

going to mention, I'm going to put links in the notes so you can read more about it. Now, picking the

first thing to think about pension contributions. Now, in any given tax year, you can pay in

pension contributions up to the value of 100% of your earnings or the cap of 60,000 pounds, whichever is lower,

or it can be £3,600 gross if you don't earn anything at all.

So that means you can make a net contribution of $2.8.80, and you get tax relief of 20% on that, taking it to $3,600.

So make sure, if you're thinking about making pension contributions, that you do so because

your annual allowance will obviously reset when you get to the 6th of April.

Now, there are various reasons why you might want to make a pension contribution, not just because

you're trying to boost your pension part, but also there are people who can benefit from making pension contributions

if they are trying to restore certain allowances.

So, for example, people who earn over £100,000 a year

have their income tax personal allowance reduced by £1 for every £2,000 they earn over £100,000.

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