Top Financial Tip brought to you by Talk Moneywise your local independent financial advisers

As the end of the financial year approaches and we see all the television adverts with Moira Stuart, bless her, encouraging us to file our tax returns on time, or else! All of our minds turn to the dreaded "t word" Tax!

Despite our perceptions of taxation, the UK Treasury has made some dramatic and beneficial changes to various areas of taxation policy over the last few months to try and help us, the taxpayer.

A great example of this is the raising of the annual investment allowance in ISA's, which are tax free. This has been raised now to £10,680. Up to £5,340 of that allowance can be saved in a cash ISA. The remainder of the £10,680 can be invested in a stocks and shares ISA with either the same or a different provider.

Also remember if you are self employed or are required to complete a self assessment you can also apply to reduce your payments on account if your profits are down or you have faced any unexpected expenses during the tax year.

If you would like further information on these or any other financial matters then just pick up the phone to organise arrange a personal one to one consultation with one of our highly qualified and completely independent advisors.