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Tax incentives on savings and investments hit record £27.1bn

News Team, 05/09/2022

Tax incentives granted to people in the UK on their savings and investments hit a record high of £27.1 billion in the last year, according to new research from Bowmore Financial Planning.

The use of tax incentives is key for individuals who want to maximise the value of their savings and investments, Bowmore noted.

Incentives available on savings and investments include tax reliefs on pension contributions, individual savings accounts (ISAs) and venture capital trust...


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