Three top tax-saving tips for 2025

Getting into tax-smart habits

When it comes to managing your money, making short-term or last-minute snap decisions can end up costing you more in late payments, lost interest or penalties. But getting your house in order and starting some regular savings and money management habits can make all the difference to your financial – and emotional – wellbeing.

These are our top three tax-smart tips for managing your money in 2025. 

1. Check what you’re worth

When was the last time you checked how your pensions were doing? Or how much interest your savings accounts earned this year? Listing all your assets, from pensions to property and premium bonds, is a tax-smart start, but reviewing them regularly is an even smarter money habit for long-term financial wellbeing. You may have more than one pension pot if you’ve changed jobs in the past. And if you have an easy-to-access cash fund for emergencies, does it still have enough to keep you and your family afloat for up to six months, if necessary?

You may be pleasantly surprised by how much you’re worth. Which is why it pays to keep making tax-smart money moves.

2. Spring-clean your spending!

Do you know how many memberships and subscriptions you’re currently signed up for? Many of us are signed up for entertainment streaming services. So checking that you, or another family member, are actually still using the service you’re paying for is another smart money move. Those small monthly payments add up. You might want to switch to another provider or unsubscribe completely.

A financial adviser can help you streamline your spending, which may free up some surplus income for a tax-efficient pension. It’s like clearing out your financial inbox.

3. Check in regularly with a financial adviser

As a rule, setting aside an hour a week to check payments or interest rates yourself will save both time and tax in the long run. But checking in regularly with a financial adviser to monitor if you’re on track is just as important for your long-term financial health.

Life doesn’t stand still in between financial reviews – we’re used as sounding boards and sense checks throughout the year. Even if you just want to query something you heard on the news, or whether a change in the tax regulations will impact you, our advisers are ready with practical, informed advice.

Regular financial reviews will help keep you on track for the future and make sure you’re making tax-smart decisions with your money. 

Why financial advice is a smart move

Smart money moves aren’t about once-a-year decisions, however. Having expert financial advice or guidance you can turn to at any point helps you make positive, informed choices year-round.
If you’re not already taking financial advice, this is perhaps the smartest move. It can help you stay on track towards your long-term goals, and gives you clear, practical advice if you hit a financial downturn or need support managing your family finances short-term. 

It’s the move that drives other good financial habits, and ultimately your financial wellbeing.

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.

Advice relating to savings account involves the referral to a service that is separate and distinct to those offered by St. James’s Place.