All tax allowances are being refreshed, so it’s a key moment to think about how best to use them to achieve your goals.”1. Lifetime ISAs can also help first-time buyers or retirement savers thanks to a government bonus. Take advantage of the Lifetime ISA bonusA Lifetime ISA offers a 25% government bonus on contributions. Byrnes said: “If you’re planning to buy your first home or boost your retirement savings, a Lifetime ISA can be a powerful way to grow your money.”5. Watch out for common tax mistakesExperts also warn many investors are caught out by avoidable errors, especially around capital gains tax.

Source: The Herald April 03, 2026 02:16 UTC