Investment tax
There are numerous ways of investing money. Regardless of age or income level there will be something suitable for everyone.
Some investments will be attractive to higher rate tax payers, who will obtain higher rate tax relief on the investment, and some will be attractive to those on lower incomes.
Some investments are for the short term and some for a longer period. Differing rates of interest will be on offer depending on the length of investment and the capital involved.
Certain investments carry tax credits which may be repayable to those on low incomes or non-taxpayers. Similarly, certain individuals can register to have interest credited to a bank or building society account paid gross (i.e. without the deduction of tax at source).
This page was last reviewed on 03 April 2006. The information may not reflect changes in legislation made after this date.
This is only a guide to your tax position and should not be relied on in place of professional accounting or tax advice. Any calculated figures are illustrative and are based on the data you provided.
