ISAs/NISAs

ISAs/NISAs

One of the most popular and tax-efficient ways for anyone to save is through an Individual Savings Account, more commonly known as an ISA (or a New ISA – NISA).

The rules around ISAs changed in April 2015, making it a much more attractive prospect to use your NISA allowance for investing in stocks and shares.

Key benefits of a stocks and shares NISA

With a stocks and shares NISA:

  • You won’t pay capital gains tax on profits made from share price increases – normally you’d pay up to 28% interest on profits made above your capital gains tax allowance
  • No tax on interest earned on bonds
  • 10% tax cap on income – normally you could pay up to 37.5% interest on income earned from shares

Already have a NISA?

If you already have a NISA, it’s important to be sure it’s performing as well as it can – you can’t afford to be complacent about where your money is invested.

There are plenty of funds that regularly under-perform and so you need to ensure your money is invested in the right place, to help you meet your savings goals.

Tempted to self-invest?

Of course, anyone with a NISA can choose where to invest their money, but this is an approach that can be fraught with pitfalls. These could include:

  • If you neglect to review your investments regularly, your returns could become disappointing
  • Your investments might not be appropriate for your goals or your attitude towards risk
  • Different investments will perform differently over time – if you don’t keep track of this and change your investments appropriately, your low-risk portfolio could turn into a high-risk one.

That’s why it pays to get the experts to manage the investments in your stocks and shares ISA. A dedicated investment manager will be able to continually keep abreast of changes in the marketplace, and review or amend your portfolio appropriately.

Contact us today

At Lifegrid Solutions Ltd, we can help you to make the most of your ISA, either through transferring it to a new scheme or portfolio, or investing it on your behalf.

Our expert advisers will be able to talk you through your options, set up a portfolio that meets your needs, then continually review it to ensure it continues to work as hard as possible for you.

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