Tag Archives: Tax Efficient

The Lifetime ISA


What was announced in the Budget? The Lifetime ISA (LISA) Introduced from 6th April 2017 to help people, aged between 18 and 39 (at 6/04/17), to save flexibly for the long term and ensure they do not have to choose between saving for retirement and saving for their first home. What does this mean? The […]

Tax-efficient University Savings

Students matriculating in September 2011 in England and Wales will be part of the last year to benefit from the current university and college course charging structure. The well publicised rises in university and college tuition fees means that assuming modest inflation of 2.5%, the same student starting university or college in 2020 could need […]

Maximum Investment Plans = £££s

With rising tax rates, there is an increasing interest in tax-efficient savings vehicles. Maximum Investment Plans (“MIPs”) are one such vehicle. MIPs allow a cash sum (ranging anywhere from £10,000 to £2m) to be invested every year for ten years. Provided the specified annual investments are made for at least seven and a half years, […]

New Tax Savings – Pensions

Extensive changes to the pensions tax regime took place from 6 April 2011.  Here we recap some of the main features of the new regime and, importantly, what actions you should be taking in relation to your own pension provision. Key features of the new regime The annual allowance of pension contributions you can make […]

Offset Mortgages 40%/50% Taxpayers

Offset mortgages are very tax efficient.  However, if interest rates rise offset mortgages will lose some of their appeal. Borrowers should therefore take advantage of low rates of interest while they can. There is little doubt that an offset mortgage can be a very effective way of repaying a house purchase loan for a higher/additional […]