What is the best investment ISA?
People often ask: “what is the best investment ISA?” The answer to this question is not a simple one, with the best investment ISA for you depending on a number of factors.
How to become an ISA millionaire
ISAs and the Personal Equity Plans that came before them have been around since 1987, offering UK residents the chance to save and invest tax-free. Over the years, a number of ISA investors have built up ISA funds worth in excess of £1million, making them into so-called “ISA millionaires”.
Investing For Income Ideas
If you are looking to invest with the aim of generating a reliable income, you need to choose carefully where to put your money.
5 high yield investments to boost your income in retirement
If you are looking for investments to boost your retirement income, putting some of your savings into an investment ISA is usually a good idea. This allows you to maximise the returns you see on your investment as you do not have to pay tax on the interest or other income you earn (up to the current ISA allowance of £20,000 for the 2017/18 tax year).
5 Reasons Why You Should Consider a Lifetime ISA
Lifetime ISAs were introduced in April 2017 as a way to allow British taxpayers to enjoy long-term tax-free savings. They allow you to save up to £4,000 per year without paying tax on the interest and the government will give you a bonus of 25% of the amount you save.
How do lifetime ISAs work?
Lifetime ISA were introduced by the UK government in April 2017 to offer longer-term tax-free savings for UK taxpayers. They can be used to save towards a first home or your retirement and the government will give you a bonus of 25% of the money you save, up to a limit of £1,000 per year.
5 investment ISA ideas for your 2017-18 ISA allowance
The new ISA allowance for the 2017-18 tax year is £20,000, meaning you can have up to £20,000 deposited into one or more ISAs and you won’t have to pay any tax on the interest you earn.
Your ISA allowance can be split between various different types of ISAs, including those intended to give a monthly income and those aimed at more long term saving. You can use you ISA for cash, stocks and shares, depending on what level of return you would like to achieve and the level of risk you are willing to take with your savings.
How to choose the best ISA?
You can invest your full ISA allowance of £20,000 into one ISA or split your allowance between the three types of ISA available. Cash, Stocks and Shares and Innovative Finance. However, this leaves the question of how to choose what works best for you?
Lifetime ISA bonus to be paid monthly
The Government has announced today that the 25% annual bonus on savings held in lifetime ISAs will be paid monthly. This change will take effect from the 2018/19 tax year so a year after lifetime ISAs are launched in April 2017.
Over 500,000 Help To Buy ISAs Opened Since Launch
If you are saving to buy your first home, save money into a Help to Buy ISA and the government will boost your savings by 25%. So, for every £200 you save, receive a government bonus of £50. The maximum government bonus you can receive is £3,000.