Chris S
Legendary Member
- Location
- Birmingham
The 2024/5 ISA allowance is £20,000. Am I correct in thinking that this is the total amount you can have in ISAs and not the amount that you can put in this year?
Thanks also, that answers a question I've had in my head.
I've recently become a tax payer again in the UK, and need to become more 'tax efficient'.
@Sterlo - Almost. Up to £1000 for a standard rate taxpayer, but only £500 for a 40% higher rate one and £0 if you're on 45% additional.
There's such a complex tax regime in the UK. How do you guys know these things?
There's such a complex tax regime in the UK. How do you guys know these things?
Gov U.K./HMRC site + employer (or accountant)
There's such a complex tax regime in the UK. How do you guys know these things?
When it comes to savings, just plenty of reading up (plus Money Saving Expert). I work too hard for my savings without having to pay tax on any interest I earn, so I made sure I was clued up and move money about so that I get the best returns without the tax burden. I was hoping that they might increase the ISA limit but nothing yet.There's such a complex tax regime in the UK. How do you guys know these things?