Investments (including Tax Efficient Investments)

The most recognisable tax efficient investment that most people are probably aware of, are Individual Savings Accounts (ISAs) which are available in two forms

• Mini ISAs
• Maxi ISAs

Individual Savings Accounts (ISAs) are tax-free Savings accounts which means individuals do not have to declare any income or capital gains they receive to the Taxman. Individuals can save up to £7,000 each financial year. A financial year runs from 6th April until the 5th April the following year.

However, there are also other forms of tax efficient investments that some potential investors may not be aware of, and these are

• Venture Capital Trusts (VCTs)
• Enterprise Investment Schemes (EISs)

Investment products such Venture Capital Trusts and Enterprise Investment Schemes can provide extremely valuable tax breaks such as income tax relief, capital gains tax deferral and tax free income, regardless of an individuals tax banding.

Other investments to consider that have potential tax benefits are:

• Personal Equity Plan (PEP) Transfers
• TESSA Only Individual Savings Account (TOISAs)
• Onshore and Offshore Investments
• Structured Investments
• Open Ended Investment Companies (OEICs)
• Structured Income Bond
• With Profit Investment Bond
• Unit-Linked Investment Bond
• Flat Conversion Relief
• Fine Wine Investments

A more detailed review of all of the above products is available by clicking on the appropriate investment.

NB...The favourable tax treatment currently available for all tax efficient investments might not continue in the future.