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.
Pamela Bacon-Upshon
I have never received such splendid advice and attention
I very much appreciate the time and consideration you have taken on my behalf. I have never received such splendid advice and attention and I look forward to a long and happy Investment career with Pembroke Financial Services.
Kate
Orchestrating gains amidst turmoil!
I just received the review and haven’t read it yet but am extremely pleased with the results over the past 6 months on my account – especially in view of the pandemic and crazy, constantly evolving economy we are experiencing recently. Many thanks and congratulations to you and the team for orchestrating gains amidst turmoil!
