21/09/2025
TAX NEWS! Lots of noise around tax at the moment and how to reduce its impact ⬇️
There are a number of steps you can take to reduce your exposure to tax.
1) Invest potentially up to £60,000 per annum into a Personal Pension, where it will be in a tax-free environment.
2) Invest £20,000 per annum into ISAs, either into cash or the stock market, where it will in a tax-free environment.
3) Invest £50,000 into Premium Bonds and enjoy any prize money tax-free.
Therefore, as a couple you could potentially invest £260,000, without any great impact on your tax position.
This could be an alternative to leaving too much money in bank/building society accounts, where you will be taxed on your interest as either a basic or higher rate tax-payer. This along with reducing interest/savings rates can leave your savings barely keeping up with inflation.
For further information, please contact our office:
📞01275 871 888
📧 [email protected]
