Email: info@taxreturn.co.uk



Please find below details of the new tax rates and allowances

which are applicable for the year commencing April, 2017.


Please do not hesitate to contact us if you would like further information

or you wish to discuss any of the tax rates or allowances in more detail.


                                 

Capital Allowances - Tax Rates 2017/18

Individual Savings Accounts (ISAs)

Individual Savings Accounts (ISAs) 2017/18
Overall investment limit £20,000
Junior ISA limit £4,128
Help to Buy ISA monthly subscription limit (initial deposit limit £1,000) £200
Lifetime ISA annual subscription limit £4,000

Notes

  1. Investments in ISAs are free of income tax and capital gains tax.
  2. Those aged 16-17 can invest in a cash ISA, in addition to a Junior ISA.
  3. ISAs allow you to take your money out at any time without losing tax relief and furthermore you are not required to declare income and capital gains from ISA savings.

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