Lump sum Investments and pensions, Glasgow, Scotland

Tel: 0141 563 3260
between the hours of 9am to 5pm

Mobile: 07714 090845

Email: info@mil-ifa.co.uk

NISA | New ISA changes | Make the most of more

ISAs have become bigger and better than they’ve ever been before. If you’ve not considered an Investment ISA before, now might be the right time.

More to invest

The ISA allowance for the 2017/18 tax year has increased from £15,240 to £20,000, meaning you can now protect even more of your returns from Income Tax and Capital Gains Tax.

You’ll now have the option to split this allowance any way you choose between a cash ISA and an Investment ISA to suit your changing needs, including paying the full amount into a cash ISA.

More choice

You’ll now have a wider range of investment options to hold in your Investment ISA, including lower risk investments such as money market funds and gilts and bonds nearing maturity.

If you’re looking for the potential of a better rate of return for your cash, prepared to commit to a longer term and accept that investments can fall in value so you may lose money, then these new investment choices might be appropriate for you.

Flexibility

You can continue to transfer any cash ISA money to an Investment ISA. This means if you’re prepared to risk loss of capital and don’t need to draw on your money for some years, then you may be able to achieve a better rate of return if you consider an Investment ISA.

What’s new is that you’re now also able to transfer from an Investment ISA to a cash ISA - so if you’re looking to reduce the risk on your portfolio, these changes help to strike the balance between risk and return.

Remember

Tax rules can change and the value of this favourable tax treatment to you will depend on your individual circumstances Investments can fall in value and you may get back less than you invested.

Make sure you read the information provided and:

  • ask questions if anything is not clear;
  • if transferring an ISA, check with your existing ISA provider for any costs of transferring out; and
  • don't sign anything until you're satisfied.

""NO DECISION ON LUMP SUM INVESTMENTS AND PENSIONS SHOULD BE TAKEN BASED ON THE CONTENT OF THIS SITE. ALWAYS TAKE FULL INDIVIDUAL ADVICE FIRST. THE REGULATIONS GOVERNING TAX RATES AND INVESTMENTS MAY CHANGE IN THE FUTURE.""