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Advice for a secure future

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Halifax, in partnership with Shroders Personal Wealth

 

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Tax efficiency checklist

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3 ways to save and invest tax efficiently

1. Maximise ISAs up to £20,000 a year

  • You can invest up to the annual allowance, currently £20,000, each tax year.
  • You can transfer between ISAs for better deals without losing benefits.

2. £9000 a year tax free with a Junior ISA

  • Save up to £9,000 tax free per tax year for children under 18. 
  • Parents manage the account, but funds belong to the child. 
  • Helps build a tax-free savings pot for their future.

3. Tax relief on pension contributions

Pensions are one of the most tax-efficient ways to save for the future, and there can be many options depending on your circumstances. Here are some good facts to know: 

Basic-Rate Taxpayers (20%): Contributing £80 results in a £100 pension boost, as the government adds £20.

Higher-Rate Taxpayers (40%): You need to contribute just £60 to achieve the same £100 boost.

Additional-Rate Taxpayers (45%): You need to contribute only £55 to achieve the same £100 boost

Annual limit: Ordinarily £60,000 or 100% of your earnings, whichever is lower.  

Even if you don’t work or pay tax, you can still receive tax relief on your contributions.

A professional adviser can help you to understand the options available that best fit your needs. Fees may apply if you take out a product or service. 

The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors might not get back their initial investment. 

Tax treatment depends on the individual circumstances and may be subject to change in the future.

 

Benefits of financial advice

A financial plan made for you

Schroders Personal Wealth Advisers take the time to understand your financial situation and goals to create a plan built around you.

A helping hand to invest

Benefit from Schroders Personal Wealth’s knowledge and experience, to help your money work harder in the long term.

Holistic financial advice

It’s not all about investing. From financial protection to protect you and your loved ones, ways you can save on tax and early retirement planning. Find out how expert advice can help you.

Dedicated human support

You can have an ongoing relationship with an Adviser as much as you need it. With regular reviews to keep your financial plan on track as your life and goals evolve.

Are you eligible for financial advice?

If you are interested in Schroders Personal wealth and the services they provide you will need to meet the below criteria:

  • At least £100,000 in sole income

Or 

  • At least £100,000 spread across joint savings, investments or personal pensions.

You must also be:

  • A UK resident - You must be lawfully and permanently living in the UK for 183 days or more over a tax year.
  • At least the age of 18 years of age (product restrictions apply if you are above the age of 80)

Fees and charges will apply if you take out a product or service.

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Schroders Personal Wealth has been rated “Excellent” based on the quality of service they provide.

Rated 4.8/5 on Trustpilot.

Based on 1,258 reviews as of January 2025.

 

Important legal information

Schroders Personal Wealth is a trading name for Scottish Widows Schroder Personal Wealth Limited.

Halifax is a division of Bank of Scotland plc. Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.

Eligible investments are protected by the Financial Services Compensation scheme (FSCS). We are covered by the Financial Ombudsman Service.