New tax year, new allowances

Today is the start of the 2018/19 tax year, meaning you have all new allowances that are ready to be used.

Today is the first day of the 2018/19 tax year, meaning you have all new allowances that are ready to be used. This year, you can invest:

  • £20,000 in an ISA
  • £4,260 in a Junior ISA
  • Up to £40,000 in a pension

Find out more about your allowances

Download our tax-efficient investing guide for more information about the available tax allowances and rules. In the guide we have covered:

  • An overview of the pension and ISA allowances
  • More sophisticated options for tax-efficient investing, including Venture Capital Trusts and the Enterprise Investment Scheme
  • Business Relief and how it can reduce a potential Inheritance Tax bill

Download the guide

 

Expert help with your tax allowances

Our experts can help you to make the most of the available allowances and structure your finances tax-efficiently. To find out what they could do for you, why not book a no-obligation initial consultation? Simply complete this short form, call us on 020 7189 2400 or email contact@tilney.co.uk.

Important information

VCTs, EIS and SEIS should all be regarded as higher risk investments. They are only suitable for UK resident taxpayers who can tolerate higher risk and have a time horizon greater than five years. This article does not constitute personal advice. Please note we do not provide tax advice. Advice in relation to Inheritance Tax planning is not regulated by the Financial Conduct Authority, however the products used to mitigate tax may be regulated.

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