ISAs (Individual Savings Accounts)An ISA is an Individual Savings Account in which you can hold a range of different investments and benefit from returns free of personal tax. Unlike many other investments ISAs are not liable to income tax or capital gains tax.
Invest new money into your ISA either as a lump sum or on a regular basis and make use of your annual allowance before the end of the tax year. Every tax year (6th April – 5th April) UK residents over the age of 18 are entitled to utilise their full ISA allowance to invest within their own ISA. If you don’t use it, you lose it.
From April 2010 everyone will have an annual allowance of £10,200 which they can invest. Those aged 50 or over in this tax year are already able to invest the higher allowance.
There are a wide range of investments available within ISAs and as independent advisors, we are well placed to find the best solution for you. Please contact us today to find out more.
Investment Funds and Accounts
An investment fund or account enables you to have your money pooled with that of other savers and invested by a professional fund manager. Generally these funds invest in stock market based assets. With thousands to choose from, and from a large number of investment companies, it is possible to find funds investing from the most exotic stock markets and the most complex financial instruments to funds that invest in far less risky areas.
You can open an account that lets you hold a number of investment funds within a wrapper, thereby reducing charges and administration fees.
Due to the many options that are available to you, it is worth seeking independent financial advice. To find out more, click here.
Offshore Investments
For some, investing offshore has many benefits. Those who may be interested to invest offshore include:
- Individuals who can expect their marginal rate of tax to fall (perhaps in anticipation of retirement or becoming non-resident in the UK)
- Expatriates investing to avoid UK tax while living outside of the UK
- Companies investing in corporate funds
- Investors who are Trustees
As the world’s largest independent financial consultancy, we have extensive experience in the offshore industry and have access to a wide range of specialist solutions, which are not always available through other IFAs. Please click here to find out more.