The fireworks may have lit up the sky on 1 Jan, but when it comes to our wallets, the real New Year is 6 April.
That’s when the new tax year kicks in. And here’s who’ll be affected by the changes:
The tax-free personal allowance for most of us jumps from £10,000 to £10,600 on 6 April.
The Government has slashed the savings tax. So now - whatever account you put it in. And the maximum we can save in a tax-free ISA account .
Married couples and civil partners can now transfer £1,060 of their tax-free allowance - .
Junior ISA and Child Trust Fund annual allowances will rise to £4,080. And you can now , so there's more chance of a good rate.
The Government has made it easier for those aged 55 or older to take money from their pension. .
If you die before the age of 75, you can now pass on your pension tax-free.
Jane Moore, a tax manager at accountants ICAEW, said: “As usual, we are seeing a plethora of tax changes with the start of the new tax year and a lot of people will be affected.
“New options and allowances help people to plan in a tax-efficient way but the rules can be more complicated than you think.
“For pensions in particular, plan carefully rather than splurging your savings on that tempting car or cruise.”
For more about savings, check out our guides to and .
If you're self-employed, .