Savings and investment income
There are likely to be occasions during your lifetime when you will either be:
- making regular savings out of income;
- investing a lump sum from a pension scheme on retirement; or
- in receipt of a much more substantial sum such as an inheritance or, perhaps, winnings on the National Lottery.
Examples of savings and investment income are:
- bank or building society interest;
- share and unit trust dividends;
- interest on government stocks; and
- income from a trust fund.
The most widely known investments where the return is tax free are some of those available from National Savings and Investments. Individuals in the top tax brackets should take a look at them. They are: