Tax

Tax-free savings limits
One of the main ways to save tax free is through taking out an Individual Savings Account (ISA). The current limits are that residents in the UK who are 18 or over can invest up to £7,000 in a Maxi ISA or up to £3,000 in a Mini ISA during the current tax year. The government has promised to keep these levels the same until 2005/2006. For more information, visit our ISA section.

National savings and investments are also a way of saving without paying tax. Some types of National Savings and investments products are tax free, whilst others pay the interest gross - which is useful if you are a non-taxpayer. Visit our tax-free saving section for more information or visit www.nationalsavings.co.uk.

Information for non-taxpayers
To find out what to do if you are a non-taxpayer speak to an Independent Financial Adviser or a Tax Adviser, but to get you started make sure that you get:

• R85 form from banks or building societies - this means that non-taxpayers who complete this form can get interest paid on any savings and investments without tax

• If you've already paid tax - get a R40 office from the tax office to reclaim any interest you've already paid

For more information visit www.inlandrevenue.gov.uk/rates/index.htm or call the Taxback Helpline on 0845 077 6543.