Individual Savings accounts have proved to be one of the most tax-efficient and favoured ways to save and invest since they were introduced in 1999. In 2014, the Chancellor announced a welcome revelation by making broad changes to the existing ISA regulations by allowing larger tax breaks and better flexibility.
Don't let HMRC take more than necessary out of your money
The ISA allowance 2019/20 has remained at £20,000 and given the current outlook for economic growth and interest rates it is important that individuals take action to make the most of the tax-efficient saving and investment opportunities given to them by the end of the current tax year. Don’t miss out on the opportunity to maximise your tax-efficient investment opportunities.
Do you have funds held in or are considering depositing funds into a Cash ISA?
According to the HMRC in August 2018, there were over £270 billion held in Cash ISAs. Also in October 2018, Moneyfacts reported that the average Cash ISA account was paying interest of only 1.29%. Many savers are in danger of failing to make the most of this long-term tax-saving opportunity due to saving into low-interest cash accounts that don’t take advantage of the long-term tax breaks available.
As a Partner Practice of St. James’s Place, we have access to the expertise of some of the world’s leading investment experts to look after our ISA funds.
Before investing in an ISA, it is important that you seek professional advice, you can also read our Key Investor Information Documents. For further information about our investment portfolios and to view factsheets, key information and performance data for the range of St. James's Place investment funds, please click the above link.
Please contact us should you wish to discuss investing in a St. James's Place ISA.
The value of an ISA with St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than you invested.
An investment in a Stocks & Shares ISA will not provide the same security of capital associated with a Cash ISA.
The favourable tax treatment of ISAs may not be maintained in the future and is subject to changes in legislation.