Top five ethical and sustainable ISA investments

The current best performing environmental and ethical investment funds.

The current best performing environmental and ethical investment funds.

The current financial year ends on 5 April 2012. There are a number of important personal allowances and tax reliefs which will either reduce in value or disappear altogether on 6th April 2012.

The Junior Individual Savings Account (ISA) launched in November 2011, a new Government initiative that allows you to take advantage of tax-efficient savings on behalf of your children or grandchildren.

The present tax year will end on 5 April 2011, so now is a good time to consider the various allowances and reliefs you can take advantage of before the tax year comes to a close.

Shopping around for the best Cash ISA rate? For a basic rate taxpayer, a Cash ISA of £5,100 earning 2% would save only £20.40 in tax.

In the words of a frequently quoted commercial by Her Majesty’s Revenue and Customs (HMRC) for their on-line services, “tax need not be taxing”. It would all be rather less taxing if the rules remained the same for any length of time.
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