With the 5 April deadline looming, Tunbridge Wells Equitable is keen to point out it runs a tax-free...
With the 5 April deadline looming, Tunbridge Wells Equitable is keen to point out it runs a tax-free investment product attractive to low earners which has no deadline restriction.
Tunbridge Wells Equitable, a friendly society , offers a saving plan where an investment of £300 can be made over a year, up to £25 a month, each year, free from income and capital gains tax liabilities.
David Halliday, head of marketing, said: "People sometimes forget that Isas are not the only tax free investments, especially as they are being inundated with Isa advertising at the moment. In fact the friendly society tax free allowance is significantly lower than the minimum savings amounts that many stocks and shares Isas will accept."
Friendly society savings plans are available to children, including babies, as well as adults. A typical family of two parents and two children using the full entitlement for each of them could save £1,200 tax efficiently each year.
Tunbridge offers a range of plans for regular savers including Baby Bond, Youngster Bond, University Bond, and Friendly Bond. Tunbridge states that all of these can offer tax advantages, in addition to the Isa allowance for adults.
More information can be found at www.twefs.co.uk.
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