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.
Mrs Pamela Joyce, East Preston
I was not expecting such an exciting performance
I was not expecting such an exciting performance from virtually everything and must take this opportunity to be serious and tell you how much I appreciate the way you look after everything and nurse my investments along. I have no need to tell you that so much of the detail is way above my head but I know you are keeping your eye on everything and that is very gratifying.
Caroline Sullivan, Brighton
Patient, informative and diligent
I’ve used Frances Boiling’s services for several years as my financial advisor. She has always been patient, informative and diligent. Most recently, she has helped me to invest part of an inheritance, and has taken the time to thoroughly answer all my many questions. That kind of professionalism – especially since I’m not a big-money client – deserves praise, and I hope you’ll let her know how much I appreciate her.
