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How do you calculate the tax year?

07 April 2022

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Question by Alan

How do you calculate the tax year?

Answered by Kris Amliwala

Hi Alan,

The tax year starts on the 6th April each year and ends on the 5th April,

So any contributions (i.e. lump sum or regular) made from 5th April 2021 to 6th April 2022 would count towards the 2021/22 tax year.

Hope this helps?

Answered by

Kris Amliwala

Chartered Financial Planner

I really enjoy helping people align their wealth to their life goals and ambitions. By first spending time in understanding you, your life and your goals, before looking at cashflow planning and then if needed, any financial solutions, I find delivers the most rewards.