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Maximizing Tax-Efficient Accounts and Planning Strategies
This chapter provides in-depth advice on maximizing Individual Savings Accounts (ISAs) and pensions before the tax year ends, highlighting their tax advantages and contribution limits. It delves into utilizing unused pension allowances and the complexities of the UK tax system, including high marginal tax rates. The discussion extends to strategies like equalizing savings between partners and the benefits of starting junior ISAs and SIPs for long-term growth.