I am in the very fortunate position that I am able to save my full annual allowance, which is tapered, into my pension each year. I also use up all my individual savings account (Isa) allowance. Is it more tax-efficient to contribute any spare savings into the pension without getting tax relief, to invest in a general investment account, paying capital gains tax (CGT) and dividend tax, or to use other strategies? WA
Matt Sellens, managing director of Crown Wealth Consultants, says:
Congratulations on reaching a strong financial position. Now, let’s explore your options for further investments once you've maximised your pension and Isa allowances, and compare their tax implications to determine the most efficient strategy.