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Using a Stocks and Shares ISA Could Have Advantages for the Pension Fund
by Richard Teahon on Aug 29, 2011
The stocks and shares ISA is arguably the lesser known brother to the cash ISA, which were heavily featured in the media due to its tax free saving offerings. The stocks and shares ISA is a different animal to the cash ISA as the former handles investment in the stocks and shares market.
There introduction gave investors favourable tax rules which were by and large welcomed by the UK investor community. The tax rules which were warmly received were:
Dividends are not subject to additional tax
Capital Gains are not taxed
Bonds interest is not taxed
Income, capital gains, or trades are not considered taxable income so they do not have to be reported to HMRC.
Some, who were looking at their pension pot with a glass half empty view point, saw this as an opportunity to provide additional income for the twilight years. They were especially popular with the twilight year community who had incomes around...Read More >>
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Have a Better Retirement with a Stocks and Shares ISA
by Richard Teahon
With UK pensions providing a very bleak outlook in the main, other investment vehicles are often looked into by people trying to give themselves a quality of life when they finally leave the working world.
Many financial products impact on personal allowances, which for many defeats the object of investing in a different investment vehicle. The stocks and shares ISA however, changes the game as it has some quite wonderful tax rules. They are:
Dividends are not subject to additional tax
Capital Gains are not taxed
Bonds interest is not...
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