Paying tax is an onerous duty and one we all wish we didn’t have to do.
Judging by recent newspaper headlines, it seems that if you are rich and famous tax avoidance is almost compulsory.
Whilst actual tax evasion is illegal (ie stashing it under your mattress), tax avoidance is not, it is simply the practice of being savvy with your money to limit the amount it can be taxed within the law.
As the end of the financial year approaches in April, taking stock of the performance of your savings is an essential task for anyone who wants to see their personal wealth grow effectively year on year. This blog is a useful guide to savers who invest in NISAs and want more for their money.
Tax Efficient Savings
The annual allowance that a saver can invest in an NISA without incurring tax on their nest egg in 2014-15 is £15,...