10 top tax tips

10 Top Tax Tips

Whatever the Chancellor’s red box reveals on 22nd June in the Emergency Budget, Chas Roy-Chowdhury, head of taxation from ACCA (the Association of Chartered Certified Accountants) has ten non-taxing tax tips to legitimately lighten the load. 1. Be ISA-wise On 6 April 2010, the annual Individual Savings Account (ISA) subscription limit rose to £10,200. The whole sum can be placed in a stocks and shares ISA, or alternatively, up to half can be put into a cash ISA, and the remainder into a stocks and shares ISA. “For a couple, this represents £20,400 savings protected from capital gains or income tax,” says Chas Roy-Chowdhury, ACCA Head of Taxation. “So even though interest rates aren’t as good as they have been, ISAs are still a worthwhile investment... »

10 Top Tax Tips to Save Money in 2010

City wealth manager Saunderson House has today unveiled 10 top tax tips to help investors battle against both economic uncertainty and a less predictable tax system. CEO Nick Fletcher also outlined seven financial planning points to help investors tackle the many and varied challenges ahead in 2010. Saunderson House provides personal financial and investment advice to top City lawyers and accountants, entrepreneurs, industrialists, family estates and charities. The firm charges on a conflict-free hourly-rate fee basis and has been rebating trail commission since 1994. Mr Fletcher explained: “With the introduction of the 50% tax rate only a short time away, those with taxable income exceeding £150,000 should be considering several actions as should those with capital gains. Thes... »