2024 Budget Shocker! What Every Doctor Needs to Know

Here's what that could look like. One is your individual ISA. So if you can afford it, utilize the full £20,000 ISA allowance per year per individual to protect your investment from things like capital gains tax and dividend tax. And of course, your savings your saving interest from tax as well. Number two Family ISA and SIP contributions. So use a family strategy. Each individual has a £20,000 annual ISA limit and you can open a Junior ISAs for children under 18. Of course, the annual limit is £9,000. Now, the individual ISA allowance includes obviously your cash ISA, stock and shares ISA and lifetime ISA if you need it, all combined. So in a family of four, you could get up to about £58,000 on all ISA allowance and it's all tax free.