At Green Accountancy we are not independent financial advisers and cannot give advice on whether to invest or not, or what to invest in. We can advise on the tax consequences of investments.
Investments into ISAs do not attract tax relief. However the income generated within the ISA will be tax free. The maximum investment in tax year 2015/16 is £15,240. This limit is “use it or lose it” as it cannot be carried back or accumulate forwards.
Investments in venture capital trusts, enterprise investment scheme, seed enterprise investment scheme and social investment tax relief can all attract various tax breaks.
Contact us to discuss your tax position on investments or potential investments.
David Wilsdon