Tax free investments

There are a variety of tax free investments available in the UK that come free of income or capital gains tax. These include cash ISA’s and stocks and shares ISA’s, tax free investment schemes and offshore investment trusts available in favourable tax destinations.

It pays to check the terms and conditions of any tax free investment carefully because the tax free status can be nullified or financial penalties imposed if you withdraw funds before maturity or before the minimum period of investment is completed.

	Skipton BS boosts tax free savings with new ISAs Skipton Building Society has launched two versions of an easy access ISA offering interest at 3.1 per cent variable, which includes a 1.1 per cent bonus.
	Half of ISA investors ‘won’t use full tax free allowance’ Just seven per cent of investors have so far used their full ISA allowance for 2011-12, according to figures from The Share Centre.
	Ofcom to clarify call charges to "free" numbers The telecoms regulator Ofcom has announced plans to publish new guidelines and costs on charges to 08, 09 and 118 numbers.
	Tax authorities join together on global tax avoidance crackdown Tax authorities from the UK, US and Australia are to join together to investigate tax evasion from some of the wealthiest people in the world after receiving huge amounts of data from a whistle-blower.
	Yorkshire BS launches fee-free 10-year fix at 3.99% The Yorkshire Building Society has unveiled a new 10-year fixed rate mortgage deal with a rate of 3.99 per cent for borrowers with a 40 per cent deposit.