Contents
Don't leave it to chance
Family tax planning
Tax payback - tax credits
Pay rise for the other half?
Jam today, or jam tomorrow?
Pension payments and tax relief
Employee pensions
Children's pensions?
Borrowings and tax
Investment limits
Employee cars and fuel
Give generously and save tax
Capital gains
Capital losses
Second homes
Company or trade?
Inheritance tax
Children's savings?
Business tax
Two jobs = too much NIC?
Should VAT be flat?
Mutiny and bounty
One careful owner
A matter of trust
|
Contributions to some tax-favoured investments are capped for each fiscal year. The limit for Individual Savings Accounts (ISAs) has been set at £7,000 in total (this has been set to fall to £5,000 on 6 April 2006, although Gordon Brown is now considering keeping it at the higher level). You can put up to £200,000 a year into Enterprise Investment Schemes, and the same amount into Venture Capital Trusts. Extra pension contributions may get better relief if you make them before the end of the tax year. Of course, the tax relief does not on its own make something a good investment - but if you are thinking of putting money into one of these schemes, you may want to do so before 5 April to maximise the benefit.
 | ||||
© Bayar Hughes & Co., 2010.