In Brief: Tax-efficient investments: What are your options? #InvestmentInsight
Thursday, 03 December 2020
Those aged 18 or over can put £20,000 into an Individual Savings Account (ISA) each tax year, while £9,000 can be put away on behalf of children. For pensions the limit is higher and for most is £40,000 each tax year, or 100% of their earnings, whichever is lower. But some people might find they exceed this limit and want to know where to invest next.
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suggestions made. All information is based on our understanding of current tax practices, which are subject to
change. Always remember when investing, past performance is not necessarily a guide to future performance and
the value of some investment units can fall as well as rise.