How can I manage all my insurance and save on tax ?

Asked by rdowson

1 Answer

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Answered by Paul Ross DipPFS CII(MP&ER), IFA in Bourne, LINCOLNSHIRE
If you are a higher rate tax payer, paying into a pension is a good idea, as you will be able to claim an extra 20% up to your salary. This will change from the 6th April 2011 as it will become max salary or £50,000, whichever is the lower.

You can also save into an Isa, to the tune of £10,200, these investments being tax free.

Then there are VCT's, Venture Capital Trusts, but these are extremely risky. Feel free to contact me via my private forum and I will try and be more specific to your circumstances | 01.08.11 @ 05:34
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$commenter.renderDisplayableName() — {comment} | 11.19.17 @ 21:41
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Answered by

Paul Ross DipPFS CII(MP&ER)
Paul Ross DipPFS CII(MP&ER), IFA in Bourne, LINCOLNSHIRE

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