We have updated our guide to actions that could be taken to minimise taxes here.
For our clients, some of the key ones are making full use of the ISA and Pension allowances. The only thing we would advise against doing now is disturbing invested assets to make use of these allowances.
An example of this is a “Bed & ISA”. This is where non-ISA investments are sold and transferred into an ISA. As investments are sold, there is a time when the money is out of the market. When markets are volatile, this increases the chance of missing out on investment growth.
If there is money available to invest, you should invest this as tax-efficiently as possible and use your allowances.