Are You Making The Most of Your Tax-efficient Investing?

ISAs, Lifetime ISAs, SIPPs and beyond

Tax Efficient Saving and Investing

Sarah Hollowell
Tax & Trustee Services

Tax planning beyond the building blocks of ISAs and SIPPs

Whether you are a seasoned investor looking to maximise your tax-efficient contributions in the current tax year, or you are exploring a Stocks and Shares ISA or Lifetime ISA for the first time, Killik & Co is home to a wealth of insight and expertise to help you make the most of your savings and investments.

As we approach the end of the tax year, optimising your savings and investments should be at the top of your financial planning agenda. Allocating savings to tax-free wrappers such as ISAs, Lifetime ISA and SIPPs can accrue significant financial benefits immediately and when combined with a long-term view of your lifetime savings, can be a very powerful thing.

From our complimentary Tax Efficient Savings Guide below, to our Wealth Planning Team, and Specialist Investment services, our family of dedicated experts are on hand to advise you on how to make the most of your investments, whatever your circumstances.


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Although individual circumstances will differ and we would always recommend a personalised approach, below you will find some tax efficient solutions that could be considered.

The Basics


With a Stocks & Shares ISA, you can invest up to £20,000 a year tax-free


Invest up to £4,000 a year and benefit from a government bonus of up to 25%*


Annual contributions of up to £40,000 for most UK residents and added tax relief from the government*


We can advise on all matters associated with both the creation and the ongoing management of all trusts

Tax allowances

From income tax and savings allowances to personal allowances and exemptions, we consider all allowances relevant to you

Annual tax return

Our Personal Tax Service can organise the preparation, completion and submission of annual tax returns on your behalf

*subject to various provisions, which is why we always take personalised approach that considers your individual objectives and circumstances.

For the Family


An allowance of £4,128 but all the tax-free benefits of a standard ISA

Junior SIPP

Invest £2,880 and get tax relief from the government to make this up to £3,600

Child Trust Fund

Continue to invest up to £4,128 a year until your child is 18

Other Considerations

Estate Planning

Simply put, Estate Planning aims to ensure that as much of your wealth goes to your loved ones, and not the tax man

Tax-free gifting

From the £3,000 annual exemption to large potentially exempt transfers, giving away assets isn’t as simple as you might expect

Capital Gains Tax

How much do you need to pay and are you missing out on any potential reliefs?


Invest up to £200,000 a year and claim up to 30% tax relief


Invest up to £1m a year and claim up to 30% tax relief

Which is better – a Lifetime ISA, an ISA or a SIPP?

Following the introduction of the Lifetime ISA this tax year, the decision to open a Lifetime ISA in place of say, a standard ISA, or a personal pension, must be considered with care. We have summarised some of the key criteria below to help you make the most of your lifetime savings in the new tax year. With a dedicated team of Investment Managers and Wealth Planners, we can help you create a blueprint for action, crafted specifically to meet your needs.


Lifetime ISA

Investment ISA

Personal pension

Minimum age


18 (adult ISA)

18 (adult ISA)

Maximum age

40 to open, 50 to contribute


75 (for tax relief

Basic rate tax relief on contributions @20%




Higher rate tax relief on contributions




Tax free growth within the wrapper




Government bonus on contributions @20%

Yes, capped at £1,000 per year, £32,000 total



Tax-free withdrawals



First 25% only

Penalty-free withdrawals

Subject to conditions


From 55 (57 from 2028)

Penalty rate

25% of total fund


55% (if over the lifetime allowance)

Recommended Killik Explains video:


Tim Bennett sums up seven simple tips for making saving and investing tax-efficient in the video below.

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