ISAs & Personal Savings

Individual Savings Accounts (ISA's) have a clear advantage against many other types of savings vehicles.

Keep More of the Money You Grow. In each tax year you can invest money into Individual Savings Accounts (ISAs). For the 2019/20 tax year the maximum contribution into an ISA is £20,000. Money made in ISA's grow free of income tax and capital gains tax, meaning ISAs have a clear advantage against many other types of savings vehicle because you get to keep more of your investment.

ISA’s Offer Flexibility

  • You can save your ISA annual allowance of £20,000 in cash, stocks and shares or any combination of the two.
  • Under the ISA rules, you will also be able to transfer previous years’ ISA savings freely between stocks and shares and cash if you wish.
  • Savings into ISAs can be made as a lump sum, regular savings or both.

There are 3 types of ISAs

ISA’s Offer Flexibility

  • Cash ISA's

  • Stocks & Share ISA's

  • Junior ISA's

Cash ISA's

Most Cash ISAs are usually offered by banks and building societies. Capital is typically guaranteed although returns can vary greatly between providers. Some offer fixed-rate options and others offer variable rates whilst some providers are now offering Cash ISAs where the return is linked to the performance of various stock market indices.

Explore Your Saving Potential

With such a wide range of ISA options currently available to everyone, from capital protected funds to offshore funds, there is something to suit investors of all risk levels, all rolled into a beneficial tax-free wrapper.

Get in touch with Phil Anderson Financial Services to arrange a home or office appointment with one of our trained advisers to discuss your saving options.

*The value of investments can go down as well as up and you may not get back the full amount invested.

Property funds can sometimes be not readily realisable, so you may not be able to sell/cash in this investment when you want to.

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