Tax-efficient accounts
How different tax-efficient accounts compare
Different accounts have different tax arrangements. In the table below we’ve summarised the key points, so you can compare different accounts and see which might suit you best.
It is, of course, important that you understand how these different accounts might suit you needs – you’ll find more information about them in our Services section. If you’re unsure about the suitability of any account we do recommend you seek independent financial advice. Equally, please be aware that the value of any tax efficiencies will vary according to your individual circumstances and may change. We do not provide tax advice; for more information about the tax arrangements please consult your accountant.
Please bear in mind that:- The value of investments can fall as well as rise and any income from them is not guaranteed. You should be prepared to lose your investment. Past performance is not a guide to future performance.
- Selftrade provides you with a range of tools and information to help you make informed investment decisions but does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.
Tax-efficiencies compared
Hover your mouse cursor over the information in the table below for more information. Click on the account name for details about that service.
| Account type: | Child Trust Fund | Cash ISA | Shares ISA | SIPP |
|---|---|---|---|---|
| Tax feature | ||||
| Income tax relief on contributions |  |
|
|
 |
| Income tax relief on dividends | |
|
|
|
| Income Tax Payable on withdrawals | |
|
|
|
| Capital Gains Tax relief | |
n/a | |
|
| Contributions limits | ||||
| Limits are for tax years except CTF where the year runs from birthday to birthday. | ||||
| Maximum per annum: | ||||
| 2011/12 | £1,200 | £5,340 | £10,680 | £50,000 (gross) plus carry-back arrangements apply |
| Withdrawals | ||||
| Withdrawals allowed from: | ||||
| 2010/11 | age 18 | Anytime | Anytime | age 55 from 6/4/2010 |
| More information on CTFs > | More information Shares ISA > | More information on SIPPs > |
© 2012 Selftrade. All rights reserved. Powered by Boursorama | Site map
Selftrade is a trading name and Selftrade® a registered trademark of Talos Securities Limited, which is authorised and regulated by the Financial Services Authority (FSA Register number 208271) and is a member of the London Stock Exchange and PLUS Markets. Talos Securities Ltd is incorporated in England and Wales (Registration No. 4196325, Registered Address: Boatman's House, 2 Selsdon Way, London E14 9LA). VAT No. 629 2807 22.
Data: include Bondscape, Dow Jones, Factset, FTSE, Morningstar. Conditions may apply.
