As bonus season approaches, many people start thinking about the best way to put that extra income to work. A common question is whether it’s better to use a bonus to reduce a mortgage or to boost a pension. With interest rates having eased from recent highs, and with long‑term planning front-of-mind for many households, it’s a timely moment to revisit the trade‑offs.
Article last updated 25 February 2026.
As the tax year draws to a close, small, missed opportunities can add up to significant lost gains. Whether you’re managing personal finances, running a business, or planning for the next generation, the window to use your 2025/26 allowances closes on 5 April 2026. Our detailed checklist brings clarity to a complex landscape, helping you stay organised, avoid unnecessary tax, and make confident decisions for the year ahead.
This downloadable guide walks you through each key area of planning, highlighting the allowances, thresholds and rule changes that may affect you. It’s designed to help you spot what you’ve already taken care of, and what might still need attention, before the deadline.
