Have you used your ISA allowance for this tax-year? If you are not sure, please ask your Financial Adviser as quickly as possible. You have until 5th April 2019 to use your allowance or lose it, as the allowance cannot be carried over. This also applies to Junior ISAs for children under the age of 18. The allowance for adults is £20,000 and £4,260 for children.
ISAs are tax free savings, so generally speaking they are an excellent way to save, especially as interest rates for traditional savings accounts are so low and likely to remain low for the foreseeable future. Our Advisers, who provide local financial advice in Sutton Coldfield and wider area, will give advice that is appropriate to your individual circumstances and they will be able to help you decide whether a Cash ISA, Stocks & Shares ISA or a combination of both kinds is what you need.
All we ask is that you give us time. Arranging ISAs is straight-forward but we have to ensure that your ISA is set up and the money you are investing has arrived in the ISA account by 5th April 2019.
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.
At Four Oaks Financial Services our Financial Advisers provide financial advice local to Sutton Coldfield and are qualified to give advice on ISAs. Talk to your financial adviser about the difference between Cash ISAs or Stocks & Shares ISAs