Tax Allowances

Tax Allowances

Date: 1 March 2024 | By: robertsb

Have you utilised your Tax Allowances?

As the end of the tax of year is fast approaching on the 5th April 2024,  here's are reminder of the main Tax Allowances below.



Cash / Stocks & Shares ISAs:    £20,000

Lifetime ISA:                             £4,000


Others (permitted maximums)

VCT:                                           £200,000

EIS:                                           £1,000,000

Seed EIS:                                  £200,000



Annual Allowance:                                 £60,000

Money Purchase Annual Allowance:  £10,000


Capital Gains Tax

Allowance for individuals & estates:   £6,000

Trusts generally:                                     £3,000


Inheritance Tax

Nil rate band:                                        £325,000

Residence Nil rate band:                     £175,000


We are happy to help facilitate any of the above. Give us a call on 01267 238844.