ISAs are ways of saving without paying tax on earnings from the investment:-
- You can pay money in up to agreed limits and take it out when you want to
- Unlike interest on other savings accounts (e.g. Building Societies) you don't pay tax on the interest you earn
- Any existing ISA can be transfered to Stocks and Shares ISA
- Generate a substantial tax free income stream
There are different kinds of ISA:-
- A stocks and shares ISA, for longer-term saving where you can leave your money untouched for periods of time
- A simple cash ISA, for savings that you need to get at quickly
In all but a cash ISA your investment may go down in value as well as up.
Please contact us to discuss how our Investment Management team may be able to help you.
