End of Tax Year Planning

As the 5th April tax year end gets ever closer if you have not already done so, now is the time to start planning and taking action if you intend to use your New Individual Savings Account (NISA) allowance.

This tax year, the NISA allowance is £15,000 for adults and there is a £4,000 Junior ISA allowance.

As an HM Revenue & Customs (HMRC) approved ISA Manager, the James Brearley & Sons stocks and shares NISA and JISA products provide tax efficient ways to create a tailor made investment portfolio to meet your requirements. This gives the ability to diversify assets across a wide range of investments from equities and fixed interest securities to unit trusts, investment trusts and OEICs.

NISA investments are exempt from Capital Gains Tax and higher rate or additional rate Income Tax and we will reclaim tax deducted on all investment interest payments, typically 20%. However, due the to HMRC rules we are unable to reclaim the tax credit on UK dividends.

So if you are looking for help to manage your portfolio or wish to learn about amalgamating existing NISA products we would be happy to meet with you. In the first instance please email  services@jbrearley.co.uk  or contact your existing regional office.

The tax savings detailed in this article apply to UK tax payers only and will depend on an individual's circumstances. The information given is based on our understanding of the tax rules. The tax rules may change in future. James Brearley & Sons is not a specialist tax adviser. 


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