Cut your tax bills: six (entirely legal) ways to keep more of your cash
- On May 25, 2022
- By GrowthInvest Marketing
Wealthier families have lots of choices when it comes to tax planning, including a range of investment vehicles that allow you to target returns while also sheltering money from HM Revenue & Customs (HMRC). These products range from straightforward Isas to complicated (and more expensive) trusts and offshore investments.
We explore the options.
A pension is a wrapper for investments that you can start paying into from birth (as a Junior Sipp — self- invested personal pension) until the age of 75. You can save in a workplace pension or a private pension. Most workplace schemes are defined contribution (where the amount you get in retirement depends solely on the amount saved and the performance of your investments).
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