We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Tax-free savings allowance
vanner
Posts: 5 Forumite
in Cutting tax
Can anyone tell me if it's still the case that the government allow investments up to £25 a month tax-free with a friendly society (as well as having an ISA)? If so which one is best please?
0
Comments
-
I believe you can still get them but when I looked into it they were all pretty shocking as investments - the selling point is that you don't pay tax on the gains, but from what I say the management charges are high and the gains very small. IMHO you'd be better off investing your money elsewhere, even if you do have to pay tax on the gain.0
-
Thanks for that. I'm afraid that I find all things 'tax' very hard to follow!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards