Advisor _ Tax Free And Tax Efficient Advice _ Annual Tax Allowances

Annual Allowances Tax Free Adviser.com Quick Links:   Quotations   Compare & Buy Tax Efficient Policies   Get Help or Advice On Saving Tax How many people actually use the allowances available? How many people know exactly what they are entitled to? Hopefully, these pages will help you.  "¢ Individual Savings Accounts Individual Savings Accounts replaced Personal Equity Plans.  Because these investments are so tax efficient you are only allowed to invest up to a certain amount.  Currently you can invest up to £7,000.  For an in depth explanation of Individual Savings Accounts visit Savings Adviser.com or you can compare and buy on line in the Interactive Zone. "¢ Annual Gift Allowance The area of Inheritance Tax is a huge area and we have written a web site completely dedicated to this subject which can be found in the site Inheritance Adviser.com.  The annual gift allowance is currently £3,000 per person and can be carried over for one year only.  This means that £6,000 can be given away if nothing was given away in the previous year.  By using your £3,000 annual gift allowance, you are reducing the value of your estate.  If your estate is large you may be reducing the amount of Inheritance Tax payable on your death.  There are many allowances associated with the area of Inheritance Tax.  By using as many of the allowances as you can "