If you are looking to avoid paying tax you are on increasingly dangerous ground. As the Financial Times points out, the spotlight is falling on “investment schemes designed to minimise tax” and many are set to “lose millions” as a result.
But if you are worried, you probably shouldn’t be. Why? Because, as Ian Cowie says in The Sunday Times, from this week any ordinary couple with two children can between them put an “eye-catching £1m” in tax shelters over a mere eight years.
They can put £15,000 each into a Nisa (new individual savings account) and never pay [...]
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