Advice

Save Tax – Individual Savings Accounts (ISAs)

ISAs save you tax and when you invest in a Stocks & Shares ISA you pay no capital gains tax and no further tax on income.

You will need to make your contribution to an ISA before 5th April this year or you will lose your allowance for this tax year.

• For every £1,000 of profit you make, you could save as much as £280 in capital gains tax.
• For every £1,000 of income your investments generate, you could save as much as £450 in income tax.

This tax year you can shelter up to £11,520 from the taxman, saving you tax straight away. Over time the tax benefits of ISAs become even clearer. ISAs (and before them PEPs) have been available since 1987. An investor who made full use of their annual allowances would now have saved over £200,000 in a tax efficient environment. When taking into account investment growth, clients could have built ISA portfolios worth in excess of £1,000,000.

The news gets even better as you don’t even need to declare ISAs on your tax return, and less tax means higher returns for you.

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments associated with making an investment. This website does not provide personal advice based on your circumstances. To enable you to make informed decisions you should contact us to discuss your personal circumstances.

We aim to provide you with a friendly service and the best advice possible. If you are unsure about the suitability of an investment please contact us for advice.

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