The taxman may taketh away – but he giveth too. Danny Cox, Head of Advice at Hargreaves Lansdown looks at some of the ways to enjoy tax-free income. Please note, tax rules can change and the value and benefits of tax reliefs will depend upon your circumstances. Investments can go down in value as well as up, so you could get back less than you invest.

1. Cash ISA

2. Stocks & Shares ISA

3. Child Trust Funds and Junior ISAs

4. Personal allowances

5. Age related allowances

6. Rent-a-room scheme

7. Loyalty bonus/ cash back schemes

8. Income protection insurance

9. Long term care annuities

10. Purchase Life Annuities

11. National Savings and Investments (NS&I) products

12. Student’s maintenance grants and certain university bursaries

13.State benefits

14. Venture Capital Trusts

15. Capital gains tax allowance

16. Offshore investment bonds

 

Danny Cox
Head of Advice

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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