Having looked at the most salient example of a tax that savings vehicles such as the Junior ISA are exempted from under their tax free status - that of Income Tax - the second part of this article addresses the other two principle types of UK tax that private investors and savers can be affected by, Capital Gains Tax and Inheritance Tax, and their relevance to child savings.
{Do you make your own income tax return to save cash on preparation? If you do, or you are planning on using this strategy on your next return, there are a couple of things that you really ought to know that may help you to avoid making high-priced income tax mess ups.
Tax saving is an important concern and there are number of instruments available in the market that helps in achieving the desired tax benefits. Tax benefit schemes are available in the form of investment instruments and also in the form of insurance policies. Another form which is fast catching up with the investors is the health insurance plans
{Do you prepare your own income tax return to save money on preparation? If you do, or you are planning on using this strategy on your next return, there are a couple of things that you should know that will help you to avoid making pricey income tax errors.
Source: http://business.ezinemark.com/uk-taxes-and-child-savings-income-tax-7d34919e7dfb.html
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