Tax efficient savings and investments

By understanding which products are most tax efficient, you can make the most of your savings and investments, and minimise how much tax you pay.


Almost all of the potential growth in ISAs is tax free. The annual ISA allowance for 2015-16 is £15,240. This can be split between Cash ISAs and Stocks & Shares ISAs as you want.

Find out more about ISAs


Investing in a pension gives you several tax advantages:

  • You get tax relief on the money you pay into your pension.
  • Your pension grows virtually tax free.
  • You can take part of your pension pot as a tax-free lump sum.

Read about Tax relief, limits and your pension PDF (160KB)

Find out more about pensions

Inheritance tax

You might not be able to avoid inheritance tax (the tax to be paid on your estate when you die) completely.

Find out more about inheritance tax planning

As with any investment, the value can go up or down, and may be worth less than you paid in.

Laws and tax rules may change in the future. The information here is based on our understanding in April 2015 and your personal circumstances also have an impact on the taxes you pay.

The value of pension tax relief can change and is dependent on your individual circumstances.