Archives >

Year End Tax Review 2004

Investment limits

Contributions to some tax-favoured investments are capped for each fiscal year. The limit for Individual Savings Accounts (ISAs) has been set at £7,000 in total. Other investment limits apply to Enterprise Investment Schemes and Venture Capital Trusts. Extra pension contributions may get better relief if you make them before the end of the tax year.

Of course, the tax relief does not on its own make something a good investment - but if you are thinking of putting money into one of these schemes, you may want to do so before 5 April to maximise the benefit.