ISAs are generally considered to be a good savings option because you can invest using your annual tax free ISA allowance and you don’t pay tax on the income or gains*. However, there are different kinds of ISAs and if you don’t regularly review how they are performing you could be losing out.
There are cash ISAs, stocks-and-shares ISAs or you can have a mixture of both. Your Financial Adviser will be able to find the most suitable ISA for you depending upon your attitude to risk and what your financial goals are. We pride ourselves on giving expert local financial advice to our clients in the Lichfield, Sutton Coldfield and Tamworth area.
To review your current ISAs and make sure they are working hard for you or to invest this years’ ISA allowance please contact our Client Liaison Team to put a date in the diary with your Adviser. More information on Investments and Savings.
*Investors do not pay any personal tax on income or gains, but ISAs do pay tax on income from stock and shares within the funds.
The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.
Tax treatment depends on individual circumstances. Tax treatment rates and allowances are subject to change.