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Savings and investments

Expert commentary and practical guidance from ICAEW related to the taxation of savings and investments in the UK personal tax regime, including the taxation of dividends.

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Need to know

UK tax rates, allowances and reliefs
  • Helpsheets and support
ICAEW’s Tax Faculty provides links to help practitioners find the latest tax rates, allowance and reliefs.
HMRC contact information
  • Helpsheets and support
HMRC contact information, including telephone numbers, online options and postal addresses, together with tips.
Tax Faculty
  • Promotional material
Tax is a fast-moving and ever-changing world. Our expert staff and volunteers, and consultation work with government, means we can bring you the latest developments and expert opinions. Join today to access our resources and keep on top tax form.

Practical guidance

ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax.

TAXguide 02/19: Cleansing of mixed funds
  • Technical release
  • 13 Mar 2019
This guide considers the areas of uncertainty in the Finance (No. 2) Act 2017 statutory provisions for the cleansing of mixed funds. It is formed of questions and answers from ICAEW and other professional bodies, together with comments from HMRC.
See all TAXguides

Features and articles

EIS and VCT scheme extended by 10 years
  • Article
  • 09 Sep 2024
Shares issued before 6 April 2035 will qualify for relief under the enterprise investment scheme (EIS) and the venture capital trust (VCT) scheme if all other conditions are met.
Claims for investors’ relief may not be valid
  • Article
  • 09 Aug 2024
HMRC is writing to taxpayers who claimed for investors’ relief on their 2022/23 income tax self assessment (ITSA) return and do not appear to meet the conditions for the relief.
Employers, directors and shareholders to give HMRC more information
  • Article
  • 19 Mar 2024
Draft regulations require employers to provide more details of employees’ hours to HMRC. Additionally, shareholders will need to provide details of close company shareholdings and dividends.
HMRC prompts disclosure of dividend income
  • Article
  • 05 Feb 2024
HMRC has written to company owners who it believes may have failed to declare dividend income.
Autumn Statement: the tax changes that didn’t make the headlines
  • Article
  • 29 Nov 2023
ICAEW’s Tax Faculty scans the Autumn Statement documents for other tax-related announcements. Various tax measures can be found in the Overview of tax legislation and rates, the Autumn Statement, and updated Tax information and impact notes.
Commons Treasury Committee calls for greater diversity of venture capital investment
  • Article
  • 09 Aug 2023
The House of Commons Treasury Committee’s report into venture capital investment schemes recommends better support for female-led businesses and those outside the South East of England.
Exclusive Business tax strategy amid uncertain fiscal policy
  • Article
  • 06 Dec 2022
Angela Clegg examines practical steps for managing the uncertainty within the tax policy environment, including remuneration for owner-managers, the return of close investment-holding companies, the annual investment allowance and the end of the super deduction.
Treasury invites views on reforming UK capital allowance regime
  • Article
  • 11 May 2022
Chancellor Rishi Sunak wants businesses “to have their say” in how investment taxes should be reformed to “drive and sustain growth in the UK.”

Webinars and recordings

Capital Allowances
  • Webinar
  • 14 Jun 2021
Brought to you by the Tax Faculty, this webinar covers the capital allowances landscape following the provisions in the 2021 Finance Act.
TAXbite: Taxing interest and dividends
  • Webinar
  • 18 Apr 2018
An introduction to the taxation of interest and dividends.
See more

Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.

Exclusive Capital allowances
  • eBook chapter
  • 2024
  • Jackie Anderson, Mark McLaughlin
  • Incorporating and Disincorporating a Business
Chapter containing practical advice on capital allowances in relation to incorporating a business.
Exclusive Savings and investments
  • eBook chapter
  • 2024
  • The TACS Partnership
  • Bloomsbury Professional Tax Guide
A chapter on taxation of savings and investments, containing worked examples.
Exclusive Pensions and investments
  • eBook chapter
  • 2024
  • Lucy Webb
  • Bloomsburys Tax Rates and Tables
Tax rates and tables for pensions and investment schemes, updated to reflect measures passed in the Finance (No 2) Act 2024.
Exclusive Bloomsbury's tax rates and tables 2024/25: Finance (No. 2) Act Edition
  • eBook
  • 2024
  • Lucy Webb
Tax rates and tables updated to reflect measures passed in the Finance (No 2) Act 2024.
Exclusive Extracting funds from the company
  • eBook chapter
  • 2024
  • Peter Rayney
  • Tax Planning for Family and Owner-managed Companies
Chapter containing tax planning advice on extracting funds, written for anyone who advises or runs a family or owner-managed company.
Exclusive Share issues and financing the company's activities
  • eBook chapter
  • 2024
  • Peter Rayney
  • Tax Planning for Family and Owner-managed Companies
Advice on tax planning for share issues and company financing, written for anyone who advises or runs a family or owner-managed company.
Exclusive Winding-up, administration of companies and disincorporation
  • eBook chapter
  • 2024
  • Peter Rayney
  • Tax Planning for Family and Owner-managed Companies
Tax planning advice on winding up or disincorporating a family or owner-managed company, written for anyone who advises or runs one.
Exclusive Selling the owner-managed business or company
  • eBook chapter
  • 2024
  • Peter Rayney
  • Tax Planning for Family and Owner-managed Companies
Tax planning advice on selling a family or owner-managed company, written for anyone who advises or runs one.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

 

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eBooks

The Library & Information Service provides a collection of eBooks as a benefit of membership. Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.

Exclusive Trading income
  • eBook chapter
  • 2024
  • Malcolm James
  • Spiramus
  • Taxation of Small Businesses
Explains how corporation tax applies to trading income and the ways in which it differs from income taxation. Covers the annual investment allowance and capital allowances for plant and machinery.
Exclusive Savings and investment income
  • eBook chapter
  • 2023
  • Telegraph Media Group
  • Kogan Page
  • The Telegraph Tax Guide
A chapter covering the tax treatment of various forms of savings and investment income, such as bank interest, share and unit trust dividends, rents, and income from trust funds. The author gives tax saving tips, and illustrates points with real-world examples.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

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Articles and books in the ICAEW Library collection

The collection of the ICAEW Library & Information Service includes a range of articles, books and reports on savings and investments taxation. A selection of recent books covering this topic is set out below.
Property investment: a tax guide, 2024-25
  • Library book
  • 2024
  • S. Chanda
  • Claritax Books
This book explains the various tax issues associated with each stage of the lifecycle of property ownership, from acquisition to eventual disposal. Worked examples are provided, and references are made to relevant legislation and case law. The Library also holds the previous edition (catalogued separately).
Tax saving for the property investor: legitimate ways to pay less tax on all your property dealings
  • Library book
  • 2024
  • Indicator FL Memo
  • Indicator FL Memo
A brief guide to tax-saving strategies for property investments, fully updated with the latest rules and figures for the 2024/25 tax year.
Enterprise investment scheme: and other venture capital reliefs, 3rd ed.
  • Library book
  • 2024
  • A. Rainford
  • Claritax
A guide to the Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Venture Capital Trusts (VCTs), Investors' Relief, and Community Investment Tax Relief. In each case, the author looks at the range of tax incentives offered by the legislation, the conditions for relief, and any complicating factors.
Tolley's taxation of collective investment, 5th ed.
  • Library book
  • 2024
  • S. Newcombe (ed.)
  • LexisNexis Tolley
A practical guide to the taxation of different collective investment vehicles, and taxation issues affecting investors in such schemes. Contributing authors also consider the taxation of holders of life policies, pension fund investors, ISAs and PAIFs.
Family investment LLPs
  • Library book
  • 2024
  • A. Pink, P. Dickinson
  • Pink Proactive Publishing
A guide to using Limited Liability Partnerships (LLPs) as a flexible and highly tax-efficient way of holding investments.
Tax-free cash
  • Library book
  • 2024
  • N. Braun
  • Taxcafe UK
A guide to maximising your tax-free interest income. The author provides a number of tips on how to earn more interest on your cash and make sure that your interest is tax-free.
Venture capital tax reliefs: the VCT, EIS and SEIS schemes
  • Library book
  • 2023
  • D.Brookes
  • Bloomsbury Professional
A detailed guide to the venture capital trust (VCT) scheme, the enterprise investment scheme (EIS) and the seed enterprise investment scheme (SEIS).
101 practical tax tips, 2023/2024
  • Library book
  • 2023
  • S. Bradford
  • Tax Insider
A collection of tax planning tips, aimed at all taxpayers who are looking for effective and safe ways to save tax. Covers a range of taxes, including income tax, capital gains tax, and inheritance tax.

To find out how you can borrow books from the Library please see our guide to borrowing books.

You can obtain copies of articles or extracts of books and reports through our document supply service.

Representations

ICAEW REP 084/23 Call for Evidence - SME Finance
  • Representation
  • 01 Sep 2023
  • PDF (290kb)
A representation dated 1 September 2023 to a consultation published by the UK Parliament Treasury Committee on 3 July 2023.
ICAEW REP 29/18
  • Representation
  • 01 Mar 2018
  • PDF (327kb)
MTD - Interest harmonisation and sanctions for late payment
ICAEW Rep 23/18
  • Representation
  • 16 Feb 2018
  • PDF (291kb)
Taxing gains made by non-residents on UK immovable property

Useful links

Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.

Tax on dividends
  • Website
  • GOV.UK
Guidance on taxable investments explaining how dividends are taxed, including the dividend allowances in each tax year and the tax rate on dividends over your allowance. It also provides guidance on the different rules for dividends before 6 April 2016.
Peer to peer lending
  • Website
  • HMRC
Guidance on savings and investment taxation for individuals investing in peer to peer loans, covering how to report interest payments and claim tax relief on unpaid loans.
Tax on savings and investments
  • Website
  • HMRC
GOV.UK hub providing links to guidance for tax on savings, tax on shares, ISAs, private pension contributions, guidance for financial institutions, and relevant forms.
Investment schemes on GOV.UK
  • Website
  • GOV.UK
Official guides on Collective Investment Schemes and offshore investment taxation, including a list of acceptable GAAPs and list of reporting funds.
Offshore Funds Manual
  • Website
  • HMRC
HMRC internal manual providing guidance on how UK-resident investors in offshore funds are treated for offshore investments taxation purposes. It covers the definition of an offshore fund, investors in non-reporting funds, and reporting funds.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.

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