Make the most of tax efficient savings offers

2019-09-01T23:08:37+01:00January 9th, 2019|Categories: Blog, Personal Finance|Tags: , , , |

As the end of the current tax year approaches, it is worthwhile making a check to ensure that the various tax-efficient savings opportunities have been utilised wherever possible. The following paragraphs highlight some of the areas where savings may be made. ISAs The maximum annual investment limit for Individual Savings Accounts (SAs) will remain at £20,000 for 2019/20. The limit effectively allows a couple to save £40,000 a year between them and receive interest on the investment tax free. There will also be no capital gains tax to pay when the account is closed. Junior ISAs are available to UK-resident children [...]