We hope all our clients have had a wonderful Christmas and New Year break, with lots of rest and good times spent with family and friends.
As we start the New Year look out for our newsletter that you will be receiving in the next in couple of days via email. This looks back on 2018 and contains ideas for your financial New Year’s Resolutions. If you don’t receive this, please let us know.
Finally, whilst you have probably just put your Christmas jumper back in the wardrobe, here is a reminder about the end of the tax year and to make sure you use your ISA Allowance. This is an annual allowance that must be used by 5th April 2019. It cannot be carried over, so don’t miss out on this tax efficient way to save. If you are not sure whether you have used your allowance or not, please talk to your Financial Adviser who provides financial advice local to Sutton Coldfield and the wider area.
The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.
Investors do not pay any personal tax on income or gains, but ISAs do pay unrecoverable tax on income from stocks and shares received by the ISA managers.