Well you’ve got this far,
so you are, obviously, giving some serious thought to saving some
money. An ISA is one of the most common forms of saving in the
UK, and detailed below are some of the key features of an ISA
to help you decide whether this is the way you want to save money:-
Tax free savings, which do not need to be
declared to the taxman
You can invest up to £7,000 in a tax
year
Transfers between ISAs are permitted and
do not count towards maximum contribution
You can invest in stocks and shares or cash
There are two types of ISA – a Maxi
ISA and a Mini ISA. You can invest in one Maxi ISA or two Mini
ISA, but you cannot invest in both
MAXI ISA
MINI ISA
Stocks & shares - up to £7,000
Cash up to £,3000
Stocks & shares - up to £4,000
Cash - up to £3,000
When it comes to choosing an
ISA in which to invest, you need to consider the level of risk
that you wish to take with your money and be reassured that the
provider of your chosen ISA has a strong reputation and is financially
secure.
Who is our ISA Provider?
We are currently researching
the marketplace to put together competitive ISA packages to offer
appropriate options for our clients.
