|Individual Savings Accounts
The first investment everyone should make every year
Giving tax breaks for both long and short term savers, ISAs
allow anyone, 18 or over, to make an annual investment of up to
£11,280 in the 2012-13 tax year.
Effectively an ISA is a tax beneficial wrapper into which you
can place stock market investments, such as unit trusts, shares
and bonds, for long term investment (ideally 5 years or more), or
up to £5,640 as a cash deposit..
Interest earned on cash ISAs is tax free, irrespective of how
long the investment is held. Stock market investments are free of
capital gains tax on profits, and in the case of corporate bond
funds, the income of up to 6% or so is also tax free.
Following recent changes, it is now possible to transfer from cash ISAs to share
ISAs. This is an option worth considering if you are holding excess cash
and are looking for higher returns over the medium to longer term. The process
is simple and we handle all of the paperwork for you.
- Tax beneficial returns
- Wide choice of funds to invest in
- Flexible - no fixed investment period - pay in what you want
when you want.