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Welcome to EJ Financial Limited

Impartial Investment, Pension and Tax Planning

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01892 234884

or 01635 777795

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Personal Tax Allowances

You are classified as a tax payer as soon as you are born and the main personal allowances as at tax year 2017/18 are as follows:

Capital Gains Tax £11,300

Inheritance Tax (IHT) Nil Rate Band (NRB) £325,000

Inheritance Tax Additional Nil Rate Band (ANRB) for those with a property valued at less than £2,350,000 and being bequeathed to Children or Grandchildren

         2017/18    £100,000
         2018/19    £125,000
         2019/20    £150,000
         2020/21    £175,000

Thereafter the ANRB will increase in line with CPI.

IHT annual gift exemption £3,000 (and can be carried back one year)

IHT small gift value £250 (but not in addition to someone who has had the £3000 gift)

Wedding Gift value £5,000 from each Parent or £2,500 each Grandparent and £1,000 from anybody else

There is no limit to how much and how often you can give to a charity without incurring Inheritance Tax.

You could also get some relief on other types of tax such as Income Tax, when you do this.

If you leave at least 10% or more of the ‘net value’ of your estate to a Charity, it’s possible to reduce the rate of Inheritance Tax on some assets from 40% to 36%.

Maximum ‘ Standard’ Pension Contribution £40,000

The Pension Lifetime Allowance (LTA) £1,000,000

Maximum ISA Contribution £20,000

Maximum JISA Contribution £4,128

Tax Rates

Income Basic Rate 20%

Income High Rate 40%

Income Additional Rate 45%

Capital Gains Tax 18% for Basic Rate tax payers on 2nd House sale gains

Capital Gains Tax 28% for High Rate or Additional Rate tax payers on 2nd House sale gains

Capital Gains Tax 10% for Basic Rate tax payers on non-House sale gains

Capital Gains Tax 20% for High Rate or Additional Rate tax payers on non- House sale gains

Inheritance Tax 40% over NRB or ANRB (Unless tapered due to a gift being under 7 years ago)

Breaching the £40,000 Annual Allowance for Pension Contributions 55%

Breaching the £1,000,000 Lifetime Allowance for Pension Value 55%

For more information Talk to Ted on 01892 234884 or 01635 777795

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  • Stockmarket
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2nd Floor • Johnsons Building • The Broadway • Crowborough • East Sussex • TN6 1DE

01892 234884020 3657 907901635 777795

EJ Financial Ltd. Registered in England and Wales No 9370740
Authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No 670594 at

The Financial Conduct Authority does not regulate taxation and trust advice.

The value of your investment can go down as well as up and you may get back less than you have invested.

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

NOTE: None of the above constitutes advice, always consult a professional adviser before making any investment decisions.

Please talk to Ted on 01892 234884 or 01635 777795 for further information.

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