Maximising Returns and Minimising Taxes: The UK’s Most Tax-Efficient Investment Vehicles
From Tax-Free Gains and Government Bonuses, to Tax Rebates and Loss Relief - These Investment Vehicles Can Increase Returns and Save You Thousands
Whether you’re an early stage professional earning £50k a year, or a multimillionaire … I am sure you would like to pay less tax. Even better if this can be done in a moral and legitimate way, without taking money abroad or exploiting complex loopholes in the law with convoluted shell companies and offshore accounts like we see many of our politicians do.
This article takes a look at the best and most tax efficient investment vehicles available in the UK. The good news is - they’re hiding in plain site, and can save you thousands of pounds in tax each year if used wisely.
Benjamin Franklin once said: “in this world, nothing is certain except death and taxes” … I say let’s try to reduce our taxes so that at least we can die rich!
There are three main tax bills in the UK which people can try to minimise. We are going to cover all of them here. These are income tax, capital gains tax, and inheritance tax. Income tax is a tax on an individual's wages or salary, while capital gains tax is a tax on the profit made from selling an asset that has increased in value. Finally, inheritance tax is a tax on the transfer of assets upon death.
Before we get into the investment vehicles that can help reduce some of these burdens, it’s important to remind you that this article is for information purposes only, and does not constitute financial advice. You should exercise your own best judgment, or consult with a financial advisor, accountant, or tax professional before deciding that a particular type of investment is for you.
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