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2016 Budget - Investment Reliefs |
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Annual investment limits
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2016/17 |
2015/16 |
| Individual Savings Account (ISA) |
£15,240 |
£15,240 |
| Junior ISA |
4,080 |
4,080 |
| Enterprise Investment Scheme (EIS) |
1,000,000 |
1,000,000 |
| Seed EIS (SEIS) |
100,000 |
100,000 |
| Venture Capital Trust (VCT) |
200,000 |
200,000 |
| Social Investment Tax Relief (SITR) |
1,000,000 |
1,000,000 |
Notes
- ISA investors can invest in any combination of cash or shares up to the limits shown.
- Junior ISA is available to UK residents aged under 18 and who don't have a Child Trust Fund account. When the holder reaches age 18, their junior ISA becomes an adult ISA.
- EIS, VCT and SITR investments made within the limits shown attract 30% Income Tax relief, but those schemes all have different qualifying rules.
- SEIS investments attract 50% Income Tax relief.
- Where the disposal proceeds from any capital gain are reinvested under EIS or SITR in the four-year period that starts one year before the date of the gain, all or part of the original gain can be deferred.
- Gains reinvested under SEIS up to the investment limit attract 50% exemption from CGT.
- Investments made under EIS, SEIS and SITR can be carried back to be treated as made in the previous tax year, subject to the investment limits.
- Disposals of investments acquired under EIS, SEIS, SITR or VCT are exempt from CGT if investment conditions have not been broken.
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