Barclays Stockbrokers offer investment advice
Investment advice has been given by Barclays Stockbrokers, which issues tips on making efficient choices.
These include taking advantage of total ISA allowances, thereby allowing consumers to benefit from more tax-free savings.
Meanwhile, couples could benefit from opting for the lower earner to hold their investments - thereby paying less tax.
Vice-president of Barclays Stockbrokers Catherine Penney comments: "Making the most of your tax allowances is crucial to maximising the returns from your investments."
By making use of inheritance tax exemption, people can make tax-free gifts to others of up £3,000.
Another tip the online stockbroker suggests is using the full £10,100 each individual is allowed per year before being susceptible to capital gains tax.
And pensions can be another area that benefits from smart investment and the stockbroker advises consumers to be aware of how much they can contribute tax-free.
Recent research from Scottish Widows showed that many people are not starting saving until later in life and that 33 per cent of adults aged between 18 and 34 years old do not save at all.
Use the Myfinances.co.uk comparison tools to find the right investment products for you
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