Credit Crunch Survival Guide: Smart Money Management: A Daily Guide to Spending and Saving Wisely: Tax-Efficient Savings

The ScotsmanAugust 19, 2008

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Summary


No-one in their right mind likes paying tax and there are several ways of keep the taxman at bay when saving and investing.

The best known is the cash individual savings account (ISA). This works exactly like a normal savings account but the interest earned is free of tax. Up to GBP 3,600 can be saved every year in a cash ISA, the best of which currently pay interest of up to 6.25 per cent. For those looking to take a wee bit more risk, stocks and shares ISAs are also available, although financial advice is recommended.

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Credit Crunch Survival Guide: Smart Money Management: A Daily Guide to Spending and Saving Wisely: Tax-Efficient Savings

Several tax-free savings produ...

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