Individual Savings Accounts (ISAs)
ISA’s 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 saving accounts are all about making your money work harder for you, through the 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 18 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 Key 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.
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.
Gill & Jack Froelich, Petersfield
Thanks again for your time and patience
Thank you very much, Keith, and thanks again for your time and patience today. Jack and I thoroughly enjoyed our visit – and that’s not something that is said when visiting most financial institutions!
Andy Setten, Worthing
Really helped me plan the next 5 years
Your help going through my Investments and Pensions and your advice concerning the future really helped me plan the next 5 years. As I mentioned I am extremely grateful to you and all at Pembroke for all your good advice over the last 15 years or so which has certainly borne fruit.
