Nottingham Friendly Society / Yorkshire Report

What did we mean by Tax Efficient?

Nottingham Friendly Society's unique selling proposition was tax efficiency. There were a number of viable options for those who were looking to cut their tax bill. Many of these related to expenses such as mileage (for which allowances were made) and the cost of training (which was tax-free).

History of Friendly societies

Similarly other schemes such as trust funds relied on the individual having a certain amount of capital available in the first instance to invest. However, there were a number of tax-free savings accounts available that bucked this trend and tax relief ideas.

Tax Efficient Solutions