Getting in lane
Article Abstract:
British individual savings accounts (Isas) offer tax advantages such as freedom from capital gains and income tax. They can include life assurance. stocks, and cash. There are cash limits of 3,000 pounds sterling for 1999-2000, falling to 1,000 pounds for subsequent years, and 1,000 pounds for life assurance. There is a total limit of 5,000 pounds annually, with wives and husbands holding individual allowances. Maxi Isas involve one fund manager, and mini Isas can use three fund managers, and there is more flexibility for varying components in a maxi Isa.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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Swings and roundabouts
Article Abstract:
British investors could no longer purchase new personal equity plans (Peps) from April 1999, but they are still able to transfer from one Pep to another. Peps will continue to offer tax advantages until April 2009. Around 7.35 million pounds sterling has been invested in Peps through 10.5 million Pep plans from 1987 to 1999. Only a small proportion are yrasnferred, with more being cashed in. Peps can be moved to a new Pep with no impact on the allowance for individual savings accounts (Isas), though if they are moved to Isas, this does affect the Isa allowance.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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Taxing times for Isa investors
Article Abstract:
Advice is provided on using British individual savings accounts within a wider tax planning strategy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
User Contributions:
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