Think Smart Think Tax Allowances

Think Smart Think Tax Allowances

Think Smart – Think ISAs

Why Choose to Invest in an ISA? 

Danske BankIt’s a long-term, tax efficient way of saving 
Danske BankDanske Bank offer two options. You can save in a stocks & shares ISA or cash ISA or in a combination of both.
Danske BankYou don’t pay Capital Gains Tax on any capital growth
An Individual Savings Account [ISA] is a tax efficient way of saving or investing. 

ISA Allowances



Annual Allowance



Think Smart – Think Personal Pensions

A personal pension is a tax efficient way to save for retirement. When you pay into a personal pension you receive tax relief on your contributions at your highest rate of income tax. The earliest age you can take your personal pension is usually 55, depending on your arrangements with your pension provider. When you retire you can now take all of your pension pot as a lump sum although only 25% of this lump sum is tax free. There are various flexible access options available for the remainder of your personal pension fund or you could consider using it to buy a pension annuity.

Personal Pension Allowances




Annual Allowance


Subject to income remaining below £150,000 in which case it can reduce by £1 for every £2 down to a minimum of £10,000.

Why Choose to Invest in a personal pension? 

Danske BankIt’s a long-term savings plan designed for retirement offering
real tax advantages

Danske BankYour pension provider will claim tax relief at the basic rate and add it to your pension pot. If you're a higher rate taxpayer you’ll need to claim the additional rebate through your tax return.

Danske BankYou benefit from tax-efficient growth on your pension fund 

Danske BankYou can make the most of tax advantages when you retire

Danske BankThe state pension may not be enough to fund a comfortable 
lifestyle in retirement ​

call 0800 917 4192  

This webpage is a financial promotion as defined by the Financial Conduct Authority’s Conduct of Business Sourcebook.

Past performance is not necessarily a guide to future performance. The value of your investment and any income you take from it can go down as well as up. It is possible that the value may fall below the original investment and you may not get back what you invested. Tax treatment depends on the individual circumstances of each customer and may be subject to change in the future.

0345 6002 882

Chat with us

General Service Mortgages Current Accounts Personal Loans Savings eBanking Guidance Technical Support  


Contact us

Customer information Useful numbers Book Appointment Become a customer eBanking FAQs

Find out more

Find a branch Danske Mobile Bank App Danske Tablet Bank App