Individual Saving Accounts
An ISA is not itself an investment – it is a flexible ‘wrapper’ under which a wide range of investments can be made, and the proceeds free of capital gains or income tax.
In times like these, every penny counts. Interest rates are at historic lows and rising inflation can erode our buying power. But one way to mitigate these effects is to shield savings from tax by investing through an Individual Savings Account (ISA)
An ISA is not itself an investment – it is a flexible ‘wrapper’ under which a wide range of investments can be made, and the proceeds free of capital gains or income tax. You can choose from two types of ISA – Stock & Shares ISAs (shares, bonds, or funds based on shares or bonds) and Cash ISAs. Stocks & Shares ISAs are also known as Equity ISAs.
This 2015/16 tax year you can shelter up to £15,240 from tax by investing in an ISA. To discuss how we could help you save tax and make more of your ISA investments, please contact us.
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