ISAs
At Samuels Financial we have the combination of specialist advice and a distinctive approach to investment management that can help you make the most of your ISA allowance.
Despite the current uncertainties, your annual ISA allowance remains a valuable, tax-efficient part of your long term plan. But if you don't use it, you lose it. You can currently invest up to a maximum of £10,200 in this tax year’s ISA, with the allowance increasing by inflation each tax year thereafter.
You can have both a cash ISA or a stocks and shares ISA. The cash element in an ISA can be in the form of deposits and savings accounts with banks, National Savings or building societies as well as other "cash based" investments.
ISAs can be invested in "stocks and shares" and this may include investments in unit trusts, open ended investment companies, investment trusts, ordinary shares, fixed interest preference shares, corporate bonds having at least five years to maturity, all FSA authorised retail investment schemes and UK Real Estate Investment Trusts, stakeholder medium term products and certain life insurance policies.
The ISA offers cash investors the same tax free conditions as share investors in that there is no lock-in period. Withdrawals can be made at any time without losing tax relief attributed to the account.
If you want further information about investment, withdrawals and re-investments in ISAs, one of our advisers at Samuels Financial will be happy to help.
