Investments
ISAs
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Clear Direction for your ISA Planning
The events of the last few years have shown once again that the path to successful investing is not always easy to follow. But losing your way can be the difference between whether or not you achieve your financial goals.
Whilst investment markets have recovered from their lows, the economic outlook in the UK remains uncertain. What is more certain is the prospect of us all facing higher taxes as the government seeks to get the economy back on track. This makes it even more important that you take advantage of every opportunity to invest tax-efficiently.
Your annual ISA allowance is just such an opportunity, even more so given that the threshold will increase to £10,200 for everyone from next tax year. Those aged 50 or over in this tax year are able to invest the higher allowance now.
Although we cannot guarantee the tax treatment of ISAs will not change in the future, an investment currently free of any further liability to income or capital gains tax is now an even more valuable part of your financial planning.
Whatever your ISA allowance in this tax year, remember that if you don't use it you lose it, and with it the chance to stay one step ahead of the tax man. For more information, please contact us.
