Simple ways to boost your bank balance

Here are a few things you should consider doing at the start of the tax year…

1

Increase your pension contributions, even if it is by a small amount. Indexing your contributions will make a hugely significant difference over time.

2

Try to start saving into an ISA for your more medium-term goals.

3

Review your earnings and assess if you can claim the Marriage Allowance.

4

If your income is near £50,000, making pension or charity contributions could help your child benefit claim.

5

Go online – or complete a BR19 – to obtain a state pension forecast.