We have updated our guide to actions which 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 where the money is out of the market. As markets are volatile currently, this increases the chance of missing out on investment growth.
If there is money available to invest you may want to invest this as tax-efficiently as possible and make use of your allowances.