Now is the time to invest in an ISA
An ISA-or Individual Savings Account-is a tax efficient way to save as you pay no income or capital gains tax on the returns you receive. It remains one of the taxman’s most valuable concessions to investors.
LONG-TERM INVESTING STILL MAKES SENSE
The past few years have been challenging for investors. In fact, anyone looking at their returns over the last decade might question the ability of markets to help them meet their financial goals. However, history has shown that the low point in sentiment is also the moment of maximum financial opportunity. History has also demonstrated that a long-term investment strategy is more often than not rewarding. Although past performance is not a guide to future returns.
A GREAT OPPORTUNITY TO PROTECT YOUR MONEY FROM THE TAXMAN
The current tax year provides each individual with an ISA allowance of £10,680 – that’s a total of £21,360 for a couple, all protected from the clutches of the taxman. These figures rise to £11,280 and £22,560 respectively for the 2012/13 tax year. The earlier you start investing in an ISA, the sooner your tax efficient investment begins to work for you. However, if you’ve not yet invested in an ISA this year, it’s not too late. What’s most important is that you fully utilise your allowance where possible, as once the 5th April ISA deadline passes you lose any unused allowance forever. https://www.tpplatform.com/firm/moneyology
AND THE TAXMAN CAN’T TOUCH IT
Plus when you invest in an ISA, you will have the benefit of not having to pay tax on your investment returns (both capital growth and/or income). This means you could build up a substantial sum over the years, (depending on level of contribution and investment growth) by investing in cash, equities or corporate bonds to provide growth or income, which you can withdraw whenever you want. See the web link for more information https://www.tpplatform.com/firm/moneyology
WHY IT MAKES SENSE TO INVEST FOR A CHILD’S FUTURE
You may also be aware of the Government’s new initiative that has launched, the Junior Individual Savings Account (ISA), which allows you to take advantage of tax-efficient savings on behalf of your child or children. See the Web link for more https://www.tpplatform.com/firm/moneyology
You should, of course, only consider investments that are right for you. If you are in any doubt about the suitability of an investment, please speak to Mark Hassall of Moneyology Limited Independent Financial adviser. Please remember that the value of investments and the income from them can go down as well as up, and you may not get back the full amount invested. The tax benefits and liabilities will depend on individual circumstances and may change in the future. Past performance is not a guide to the future. More information www.moneyology.co.uk 078018901769