ISAs (Individual Savings Accounts) and SIPPs (Self-Invested Personal Pensions) are powerful tools for minimizing taxes on your investments. Both act as tax wrappers, offering significant tax benefits that help you keep more of your investment returns.
1. Using ISAs to Minimize Taxes:

Tax-Free Growth: Any investments held in a Stocks and Shares ISA grow completely free from Capital Gains Tax (CGT). This means you don’t pay tax when you sell investments within the ISA, no matter how much profit you make.
Tax-Free Income: Dividends and interest earned within an ISA are also tax-free, so you avoid the dividend tax, which can be as high as 39.35%...