ISAs are simply a tax-efficient ‘wrapper’ that surrounds a specific investment. For example, a unit trust, shares or cash savings account.
ISAs – These type of investment and saving accounts are all about making your money work harder for you, through a tax-efficient wrapper.
When ISAs first appeared in 1999, they were a replacement for PEPs and TESSAs and at that time they were a pretty straightforward offering. In the 20-odd years since then, as with everything in life, what was simple has become more complicated.
For you we outline the 5 current ISA offerings in our Financial Guide, set out in chronological order of availability.
Despite their proliferation, all ISAs have a number of features in common. For example, they all enjoy tax privileges and, as a consequence, the amount that you can invest in each type, and in all ISAs, is generally subject to annual limits.
ISAs may only be run by HM Revenue & Customs (HMRC) approved ISA managers.
If you’re interested in any of these products, and how they can fit into your financial plan, have a chat with your adviser.
Please note: The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.
