Recomend And Justify Steps To Improve Tax Efficiency Of Investments Flashcards
1
Q
ISA
A
Use ISA allowance as once in it is income and CGT tax free
2
Q
Bed and ISA unit trust
A
Allows use of CGT annual allowance and no income tax or CGT once in ISA
3
Q
Savings account to joint name
A
Reduces income tax on interest and allows Sabine to use PSA
4
Q
Transfer 50% of shares to Sabine
A
No CGT on inter spouse transfers and allows Sabine to use CGT annual allowance and dividend allowance
5
Q
Make pension contributions
A
Tax relief on contribution
