The Sunday Times Personal Finance Guide to Tax Free Savings - Couverture souple

Gilchrist, Christopher

 
9780006387039: The Sunday Times Personal Finance Guide to Tax Free Savings

Synopsis

Nobody likes the taxman, especially when it comes to the inroads he can make on your savings. But a desire to escape tax has led people into all sorts of rash moves, from leaving money under the mattress, to complicated "tax-free" schemes which enrich no-one but their promoter, or to downright cheating - which can land you in jail! The smart thing to do is to make maximum use of legal tax-free and tax efficient schemes. The opportunities are considerable today, and making quite simple decisions could now, quite literally double your money in the years to come. From the basics of investment and tax, with a look at the traps, this work advises on how to plan a sensible investment strategy for maximizing a tax sheltered portfolio. The guide also makes the distinction between "tax-free" and "tax-efficient" schemes and examines the different risk levels of investments: such as offshore funds, personal equity plans, life assurance bonds and venture capital funds.

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À propos de la quatrième de couverture

THE SUNDAY TIMES – PERSONAL FINANCE

Are you maximising the returns from your savings by using tax-free plans?

Nobody enjoys paying tax, but few people make full use of the many opportunities now available to everyone in the UK to save and invest tax-free. This guide explains the basics of tax and investment and shows how you can use tax-free plans to make more of your money:
• How moving your savings into tax-free schemes can boost your returns
• How to work out how much you need to save for retirement and the best tax-exempt ways to do so
• The differences between lower-risk, moderate-risk and high-risk schemes and how much each could produce for you
• Identifying the saving and investment plans that offer the best value for money
• The best plans for short-term and longer-term savings

Over a period of twenty years, £100 placed in a building society account every month might accumulate to £45,000. But a good tax-exempt savings plan linked to shares could turn the same £100 a month into £130,000.

Taking the right decisions now on where to save your surplus income could add tens of thousands of pounds to your personal wealth.

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