Invest Tax Free with Various Tax Vehicles
PANACEA investments enables investments which are tax free via specific tax wrappers.
You can transfer your existing ISA to any IFISA eligible PANACEA investment.
Having an existing ISA means, that if you wish you can transfer more than the annual £20,000 allowed for new ISA's.
Using an IFISA you have the opportunity to
invest up to £20,000 in bonds or other debt instruments on the PANACEA
investments website in any given year.
Every UK resident over the age of 18 has an annual ISA allowance of £20,000 all of which can be invested in an IFISA.
you would like to take advantage of your annual allowance simply choose
an ISA eligible deal and select Invest Within IFISA during the
Tax benefits of an ISA / IFISA
The gains and income accrued within an ISA are not subject to tax in the UK tax.
If you are paying 40% tax for instance you will save £400 for every £1,000 of interest earned.
status is individual and subject to changes in legislation. Please
consult a tax professional if you are uncertain about your eligibility.
SIPP / SSAS
would like to invest with PANACEA via a SIPP or SSAS then please
contact us directly by emailing firstname.lastname@example.org or calling
0800 033 7679 for further information on the process as it is not currently possible to invest via a pension scheme on the PANACEA investments platform.
note that if you are unsure about the information provided or what
action you should take you should seek advice from a qualified
independent and authorised financial adviser.