Individual Savings Accounts (ISAs)
ISAs are a tax efficient product in which to place cash savings and investments in Stocks & Shares and Collective Investments, as money is held in an ISA, interest which accrues is free of tax.
Every eligible individual has a personal ISA allowance of £20,000 for the 2020/21 tax year. It can be invested in four different ways - in a Cash ISA (from age 16) normally a deposit with a bank or a building society, in a Stocks & Shares ISA (from age 18), an Innovative Finance ISA (from age 18), a Lifetime ISA (restrictions apply) or split across the different options. You can put money into one of each kind of ISA each tax year. Once again it is important to seek advice as to which product is most suitable to you.
Most people prefer to invest in Collective Investments, such as Unit Trusts and Investment Trusts, as these funds invest in a portfolio of shares in different companies, in order to spread the investment risk. The investor is reliant on the performance of the Fund Manager and his team. You need to seek good advice, to try to ensure that funds you invest into are managed by people with a proven track record. Collectives can also invest in Fixed Interest and Corporate Bonds, which may be classed as lower risk than equity funds.
We can build bespoke Multi-Asset Portfolios and portfolios with ESG funds (Economic, Social & Governance), also known as “ethical or sustainable” funds.