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Tax-efficient investments: What are your options? #InvestmentInsight

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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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the 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.