Posts Tagged "Tax Efficient Saving"
Planning for a Change of Circumstances in Farming
Have you, or will you in the future, receive a lump sum from the sale of your farm or farm land? Have you considered how your income will be affected should you choose to retire from farming? Have you considered…
What is Lifetime Allowance (LTA)?
There’s also the Lifetime Allowance (LTA), which is the maximum you can have in all your pensions without paying extra tax. For most people, from 6th April 2015 the LTA is £1.25m. In the 2015 Budget it was announced that...
Read More What is an Investment Bond
An investment bond is a single premium life insurance policy that can hold numerous investment funds in one place. The attachment of life insurance means trust planning is available. It is a long term financial commitment but has no fixed...
Read More What is a General Investment Account (GIA)?
A General Investment Account (GIA) is similar to a Stocks and Share ISA in that it is a form of savings kept with a banking institution for a stated period, with the exception that it has no tax-free benefits. It is a...
Read More What is a Financial Wrapper?
A Wrapper is a method of structuring investment portfolios in the most tax efficient way. Commonly used wrappers in an advice process are Individual Savings Accounts (ISA) and Pension Plans although there are others that can be used based on...
Read More What is an ISA?
An Individual Savings Account (ISA) is a scheme that allows individuals to hold cash, shares, and unit trusts free of tax on dividends, interest, and capital gains. There are two main types of ISA: Cash ISA’s where all interest earned on money...
Read More Can’t find an answer to your question?
We have created a set of resources incorporating answers to questions our client’s have asked us. This is by no means a comprehensive list and we are always happy to answer any questions that you may have that have not already...
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