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If you are putting money into a pension
scheme or ISA, you may want to make the most of the annual limits
for the year ending 5 April. |
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More year-end
tax tips |
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Pensions
There are differing opinions about how much you can invest in
a pension but the amount is fixed annually, so if you are thinking
of putting more money into your pension fund, speak to your pensions
adviser and see whether you are better doing so before or after
5 April. You could also ask about the interesting things you can
do with a self-managed pension. If you want us to put you in touch
with an independent financial adviser, please use our contact
form.
Savings/ISA
ISAs are more clear-cut. Everyone can invest £7,200 in
the current tax year. A maximum of £3,600 can be invested
in a cash ISA with the balance invested in a stocks and shares
ISA. If you don’t already have an ISA, contact your financial
adviser. If you want us to put you in touch with an independent
financial adviser, please use our contact
form.
Other investments
There are other investments that attract tax relief, such as
Enterprise Investment Schemes (EIS), for which it is also worth
considering whether to invest before or after the end of the tax
year.
These investments tend to be fairly risky, however, so perhaps
not worth rushing into just for the sake of a tax break.
This advice is of a general nature and may not be applicable
to your situation. Please contact us on 0845 652 5220 about your
specific circumstances.
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Remuneration
Capital
gains and losses
Inheritance
tax
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