Most people in this country switch off when they hear the words tax system, however when it comes to tax and savings, we all switch on and in particular, we pay attention to an Individual Savings Account (ISA).
ISAs, as they are more commonly known, are for many people a very popular savings choice. Their tax-efficient properties have resulted in ISAs finding widespread appeal from people of all ages with differing levels of income.
Coming as no surprise, ISAs are tax-efficient which means that any income paid and investment gains are free from both income tax and capital gains. If this is not enough of an incentive, they are also extremely flexible, allowing withdrawals (without penalty) at anytime and you can invest from just £50 per month and in some cases even lower.
Not being restricted to any one provider or product means that we can search through the hundreds of different ISAs on the market and find the most suitable one for you.
So, if you have not yet taken advantage of this very tax efficient savings, simply contact our advisors and we can find the most suitable ISA for you.
Please note, ISA managers and individuals have been unable to reclaim the tax credit attaching to dividends from UK equities since the tax year 2006/07. It is always a good idea to seek advice before withdrawing any money from stocks & shares or a Cash ISA. Future legislation in regard to ISA’s is subject to change. The value of Investments may fall as well as rise and you may not get back the full amount you invested.