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Tax efficient investments and pension planning


Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
tag-icon Year-end tax planning

Tax efficient investments and pension planning


Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
tag-icon Year-end tax planning
imgtext

Overview

Tax efficient investments provide the investor with relief from one or more taxes for the current tax year, or are exempt from income tax and / or capital gains tax. Some investments have both attributes.

The following tax efficient investments are discussed below:

  1. •

    individual savings accounts (ISA), including the lifetime ISA, help to buy ISA and junior ISA

  2. •

    child trust funds

  3. •

    National Savings products

  4. •

    life assurance polices or investment bonds

  5. •

    venture capital schemes, including enterprise investment scheme, seed enterprise investment scheme, venture capital trusts and social investment tax relief

  6. •

    pension contributions

Each type of investment has its own set of qualifying conditions, which generally includes a cap on the amount that can be invested in a particular period. This may

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  • 14 Mar 2024 09:30

Home/ Tolley Tax Guidance/ Personal Tax / Year end tax planning

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