[charlesdm]

VCTs are generally high risk, though. You might not want to make investments that way, even if you're on £1m a year. Same applies to SEIS and EIS.

And while putting £20k a year in your pension pot is nice, it's hardly a massive saving on £1m.

[walshemj]

You can put more than 20k into pensions its 20k for ISAs -though you do have to watch the max limit imposed by Red Osbourne

yes but if your on £1M a year you can risk 20-50k on EIS and VCT's don't foe get you get some very nice tax perks for VCTs (which are collective investments) et all unless your a rock star and snorting all the £ up your nose

And moving dividend paying equites into an ISA is decent tax saving esp for higher rate tax payers.