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.
Stephen, Hove
10% increase on our investments
Just received the latest 6 monthly valuation statement from Standard Life (a 10% increase!), and so wanted to say thank you to Keith and to you all on the Investment Committee.
Ray & Sue Greenfield
Thank you very much for all the clear financial advice
I would also like to take this opportunity to thank you very much for all the clear financial advice you have given not only Sue and I, but my family over many years.
