ISA Articles

Understanding how to pass on wealth in the most tax efficient manner is key to cutting the amount that HM Revenue & Customs (HMRC) can claim when it eventually comes to assessing inheritance tax (IHT).

A whole host of tax rises and cuts to allowances will soon be upon us. Income tax bills are to rise as the bands for basic and higher rate were frozen in the Autumn Statement by Chancellor Jeremy Hunt.

UK households have built up over a staggering £190 billion of savings after being cooped up at home since the start of the pandemic.

With just a couple of weeks to go until the tax year ends, many investors will be finalising their plans to use up their 2020/21 allowances, including the annual £20,000 ISA allowance.