Wealth manager Evelyn Partners has issued a warning to UK households about the need to conduct financial checks before the tax year ends on April 6. Families with pensions, savings, and investments are urged to take action to avoid losing out on critical allowances and reliefs. With upcoming changes in inheritance tax (IHT) and frozen thresholds, many families may find themselves facing larger tax bills if they do not review their financial strategies.

Emma Sterland, the chief financial planning officer at Evelyn Partners, emphasized the importance of reflecting on current allowances and ensuring that family financial strategies align with anticipated changes in taxation. As the end of the 2025/26 tax year approaches, it is crucial for individuals and families to assess whether their financial plans remain sound in light of these changes. The firm recommends a comprehensive review to maximize tax efficiency and adapt to the evolving fiscal landscape.

With the increasing complexity of the tax system and potential impacts on families' financial health, the warnings from Evelyn Partners serve as a timely reminder for proactive financial management. Households are encouraged to engage with financial professionals to navigate these changes effectively and to ensure that they are fully utilizing all available resources before the tax deadline.