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(ISAs) Individual Savings Accounts

ISA Time To Start Saving On Tax

Currently Invest up to £20,000* each tax year totally free of Capital Gains Tax and Income Tax

Independent Savings Accounts(ISA's) were launched in April 1999 as a Government incentive for people to save money.

The ISA is simply a tax free wrapper into which various investments can be placed and enjoy the tax free growth allowable.

The rules of investing in a ISA is that anyone over the age of 18 can invest up to a maximum of £20,000 in the current tax year. You can choose to place up to £20,000 of your investment into a Cash ISA or up to £20,000 in Stocks & Shares ISA or split the £20,000 as you choose over Cash and Stocks & Shares based NISA.

Stocks & Shares ISA:

This has to be invested into an equity based ISA, and can be linked to a variety of funds and market sectors, from around the world.

You are allowed to invest up to £20,000 within this ISA and it should be regarded as a medium to long term investment (minimum 5 years). The returns are dependant upon the performance of the funds selected - upon which we would advise you accordingly, to ensure that they reflect you attitude towards risk.

Cash ISA:
This is a deposit based savings account typically giving instant access with tax free interest. In the main these accounts are offered by Banks and Building Societies.

In the event of death the monies held wihtin an individuals ISA can be transferred into their spouses ISA free of taxation.

Lifetime ISA

Available to those aged under 40. Within your overall annual ISA limit of £20,000 you can save up to £4,000 in each tax year into a Lifetime ISA. The government will then provide a 25% bonus on these contributions at the end fo the tax year. Accessible when you by a property or from the age of 60.

* Tax information given is based on the 2020/2021 tax year, correct as of 11th March 2020, and may be subject to change in the future.

THE VALUE OF SOME OF YOUR INVESTMENTS ARE NOT GUARANTEED AND CAN GO UP OR DOWN DEPENDING UPON INVESTMENT PERFORMANCE. YOU COULD GET BACK LESS THAN YOU HAVE PAID IN.