www.capital.co.uk
URGENT: ARE YOU
CLAIMING ALL THE TAX
BREAKS DUE TO YOU?
www.capital.co.uk
URGENT: ARE YOU
CLAIMING ALL THE TAX
BREAKS DUE TO YOU?
If you have 10 or fewer years left before
you re...
www.capital.co.uk
From April 2014, the amount you can
accumulate in an approved pension
scheme during your working life wi...
www.capital.co.uk
The amount you can save
each year, and still qualify for
tax relief, will also fall from
£50,000 to £40,...
www.capital.co.uk
The amount you can save
each year, and still qualify for
tax relief, will also fall from
£50,000 to £40,...
www.capital.co.uk
TAX OPTIONS: YOUR
TAX BREAK CHECK LIST
www.capital.co.uk
  Keep up your ISA
You can invest up to £11,520 per tax year in an ISA,
including £5,760 in cash.
1
www.capital.co.uk
  Keep up your ISA
You can invest up to £11,520 per tax year in an ISA,
including £5,760 in cash.
If you...
www.capital.co.uk
  Make the most of your marital rights
If you are married or have a partner, ensure you use
their full I...
www.capital.co.uk
  Make the most of your marital rights
If you are married or have a partner, ensure you use
their full I...
www.capital.co.uk
  Make the most of your marital rights
If you are married or have a partner, ensure you use
their full I...
www.capital.co.uk
  Get risky
Before embarking on any extra stock
market linked investments, seek the
advice of your IFA o...
www.capital.co.uk
Venture Capital Trusts (VCTs) invest in small
start-up companies, where you can benefit from
30% income ...
www.capital.co.uk
The Enterprise Investment Scheme (EIS) also
invests in similarly small, start-up style companies,
so the...
www.capital.co.uk
There are also valuable capital gains tax
advantages as well as Inheritance Tax savings.
www.capital.co.uk
  Seek expert advice
Seeking financial advice from an independent
financial planner will help you decide...
www.capital.co.uk
Remember there are
other taxes you may
need to mitigate against,
including capital gains
tax, inheritanc...
www.capital.co.uk
Limits change every year
and HMRC is always
making tweaks to tax
legislation, so make sure
you seek expe...
www.capital.co.uk
FOR MORE INFORMATION
DOWNLOAD OUR FREE EGUIDE:
THE HIDDEN CHARGES
THAT ERODE YOUR
WEALTH EVERY YEAR
DOWN...
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Urgent are-you-claiming-all-the-tax-breaks-due-to-you

  1. 1. www.capital.co.uk URGENT: ARE YOU CLAIMING ALL THE TAX BREAKS DUE TO YOU?
  2. 2. www.capital.co.uk URGENT: ARE YOU CLAIMING ALL THE TAX BREAKS DUE TO YOU? If you have 10 or fewer years left before you retire, you will need to get extra savvy when it comes to slashing your tax bill.
  3. 3. www.capital.co.uk From April 2014, the amount you can accumulate in an approved pension scheme during your working life will be cut from £1.5m to £1.25m. Save any more and you’ll pay 55% tax on that at retirement, at age 75, or upon death.
  4. 4. www.capital.co.uk The amount you can save each year, and still qualify for tax relief, will also fall from £50,000 to £40,000 and that includes any contributions from your employer.
  5. 5. www.capital.co.uk The amount you can save each year, and still qualify for tax relief, will also fall from £50,000 to £40,000 and that includes any contributions from your employer. So what are your tax options?
  6. 6. www.capital.co.uk TAX OPTIONS: YOUR TAX BREAK CHECK LIST
  7. 7. www.capital.co.uk   Keep up your ISA You can invest up to £11,520 per tax year in an ISA, including £5,760 in cash. 1
  8. 8. www.capital.co.uk   Keep up your ISA You can invest up to £11,520 per tax year in an ISA, including £5,760 in cash. If you are not using your full allowance, do so now. 1
  9. 9. www.capital.co.uk   Make the most of your marital rights If you are married or have a partner, ensure you use their full ISA allowance too. 2
  10. 10. www.capital.co.uk   Make the most of your marital rights If you are married or have a partner, ensure you use their full ISA allowance too. You can also invest in a pension on behalf of your spouse or partner, even if they are not working or paying into their own pension scheme. 2
  11. 11. www.capital.co.uk   Make the most of your marital rights If you are married or have a partner, ensure you use their full ISA allowance too. You can also invest in a pension on behalf of your spouse or partner, even if they are not working or paying into their own pension scheme. You can even save into a pension for your children or grandchildren and receive tax relief on the contributions. 2
  12. 12. www.capital.co.uk   Get risky Before embarking on any extra stock market linked investments, seek the advice of your IFA or financial planner. 3
  13. 13. www.capital.co.uk Venture Capital Trusts (VCTs) invest in small start-up companies, where you can benefit from 30% income tax relief, effectively saving you £30 for every £100 invested. However, these small companies aren’t listed on the London Stock Exchange so there is a higher level of risk involved.
  14. 14. www.capital.co.uk The Enterprise Investment Scheme (EIS) also invests in similarly small, start-up style companies, so they are also high risk. The tax relief on an initial investment into an EIS is also 30%.
  15. 15. www.capital.co.uk There are also valuable capital gains tax advantages as well as Inheritance Tax savings.
  16. 16. www.capital.co.uk   Seek expert advice Seeking financial advice from an independent financial planner will help you decide what tweaks you will need to make to maximise any tax-free returns you do have. 4
  17. 17. www.capital.co.uk Remember there are other taxes you may need to mitigate against, including capital gains tax, inheritance tax and stamp duty.
  18. 18. www.capital.co.uk Limits change every year and HMRC is always making tweaks to tax legislation, so make sure you seek expert advice on your tax options. Appendix: VCTs: http://www.hmrc.gov.uk/statistics/vct.htm EIS http://www.hmrc.gov.uk/eis/index.htm Pensions and tax: http://www.hmrc.gov.uk/pensionschemes/tax-basics.htm ISAs: http://www.hmrc.gov.uk/isa/index.htm
  19. 19. www.capital.co.uk FOR MORE INFORMATION DOWNLOAD OUR FREE EGUIDE: THE HIDDEN CHARGES THAT ERODE YOUR WEALTH EVERY YEAR DOWNLOAD NOW! Disclaimer We try to ensure that the information provided is correct, but we do not give any express or implied warranty as to its accuracy. We do not accept any liability for errors or omissions. We are not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in relation to the information provided or from any action or decision taken as a result of using the information or website links. Some information has been provided by third parties. We are not responsible for any error, omission or inaccuracy in the material. The information provided does not constitute financial or other professional advice. You should consult a professional adviser if you require financial advice. The materials provide links to other sites. We do not control the linked sites and are not responsible for the contents of any linked site or any link in a linked site, or any changes or updates to such sites. We provide these links to you only as a convenience, and the inclusion of any link does not imply our endorsement of the site. © Capital Asset Management 2013

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