6th April sees the start of the new financial year. Traditionally investors start to think about their investments, maybe considering ISAs as we have all just received our new annual allowance (£20,000 for adults and £4,368 for children), or other tax-efficient investments.
This year is a little different. For one, no-one really knows what the impact of political decisions surrounding Brexit will be on investment returns, and in the wider world other factors such as the slowing down of the Chinese economy mean that markets are likely to remain volatile. At least in the short-term.
However, it is worth noting that market volatility is inevitable, they are always likely to move up and down and volatility can give investment fund managers an opportunity to grow their funds.
The most important thing is to remember to keep focused on your long-term goals, and regularly review your attitude to risk with your Financial Adviser who provides financial advice in Sutton Coldfield and across the Midlands region. As we go through life our attitude to risk may change, so if your investment portfolio hasn’t been reviewed for a while, or you have any concerns please book an appointment with your Financial Adviser.
You will find more information here
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.
Tax treatment varies according to individual circumstances and is subject to change.