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Art of the state

Article Abstract:

The United Kingdom government offers a number of savings and investment products with guarantees. These products include fixed interest savings certificates which offer tax relief on interest and a guaranteed sum after five years. Index-linked savings certificates offer tax-free interest at 2.5% higher the the rate of inflation, and there is a maximum investment of 10,000 pounds sterling. Both products are of most interest to higher-rate taxpayers, and tend to be inappropriate for non-taxpayers. Pensioners guaranteed income bonds pay out an income gross of tax which is then taxable once held by investors.

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Countdown on Peps

Article Abstract:

United Kingdom Personal Equity Plans (Peps) will be replaced by Individual Savings Accounts (Isas) and this created problems for investors who hold Peps. A 50,000 pounds sterling limit for each investors has been suggested, but this could change after lobbying. Sums held in Peps in excess of this sum could be subject to capital gains tax after April 1999. High-income Peps could be moved to an Isa after that date, leaving growth Peps, for which capital gains tax allowances can be used to deal with capital gains.

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Invest 300,000 pounds sterling tax free

Article Abstract:

Investment advice is provided for British investors seeking to minimize their tax bill. The advice is set out in the form of worked examples.

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