Ask About Wealth

8 Things to Do Before 2026 to Reduce Taxes


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In this episode, we provide a checklist of actions business owners and individuals can take before December 31, 2025, to maximise tax benefits. Key topics include clearing out company profits, utilising tax credits and allowances, maximising contributions to retirement schemes, and understanding the implications of capital gains tax and EIIS investments.


Learn practical tips for leveraging pension contributions, tax-efficient bonuses, subsistence allowances, and tax loss harvesting. This guide offers valuable insights to help you minimise tax liabilities and optimise financial planning for the future.


00:00 Introduction: Maximising Your Tax Benefits

00:26 Clearing Out Your Profit: Why and How

05:23 Utilising Small Benefit Exemptions (SBE)

08:13 The Power of Pensions

13:51 Understanding Subsistence Allowances

19:02 Capital Gains Tax: What You Need to Know

23:50 Employment Investment Incentive Schemes (EIIS)

26:42 Conclusion: Effective Tax Planning

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Ask About WealthBy Ask About Wealth