Once again, we are approaching crunch time in the tax year, with many people looking either to put their money away before the deadline or to make the most of their tax allowances early. But yet again, all this is happening against a backdrop of geopolitical uncertainty and market volatility.
With four of the last seven tax year ends being shrouded in uncertainty – Covid, Russia’s invasion of Ukraine, ‘Liberation day’ and now war in the Middle East – this has become a regular occurrence.
Our Head of Investment Consultants Chris Rudden looks back at those years to see what history can teach us about the best course of action in periods like this – and the mistakes investors should try to avoid.
If you are unsure how to approach your tax-free allowances in the current environment, our friendly team will be happy to help. Reach out via chat or email.
Moneyfarm is a registered trademark of MFM Investment Ltd. which is authorised and regulated by the Financial Conduct Authority (No. 629539).
Risk warning: With investing your capital is at risk, and your investments may go up or down with market fluctuations and changes in foreign exchange rates. Learn more about risk. Tax treatment applies, it depends on the individual circumstances of each client and may be subject to change in the future.
