5 Ways To Invest Tax Free In 2020
We have provided 5 ways of investing your ISA allowance for this year if you are looking for inspiration!
Here are 5 investment ideas for tax efficient investing using your 2020-21 ISA Allowance of £20,000.
1. Index Tracker ISAs
An Index Tracker Fund will look to replicate the stock market by closely tracking performance – this will generally be done by buying the company shares in the index. You can avoid some costs with this form of fund as it avoids the charges associated with active fund managers.
- Legal & General FTSE 100 Tracker Fund ISA
- Legal & General Future World Climate Change Equity Factors Index Fund ISA
- Technology Fund Tracker
2. Ethical ISAs
An Ethical ISA fund is a great way to invest in companies which align with your values and principles. This means you can avoid investing your money in endeavours which you might be morally opposed to, whilst still enjoying returns on your investment.
- ii ACE 30 Investments
- Standard Life UK Ethical ISA
- Kames Capital Ethical Equity
- Legal & General Future World Ethical ISA
3. Structured Investment Plan ISAs
These type of investment ISAs provide investors with defined risks and defined returns over a defined investment term. If you like to know where you stand on what you can expect to get at the end of a set period based on set assumptions this type of plan maybe for you.
See here for For latest structured investment ISA plans.
4. Exchange-Traded Fund ISAs (ETFs)
ETFs are funds which give shares, which are then traded on the stock exchange. This type of fund gives you a wide access to different kinds of investments and assets, at a relatively low cost. They can either be actively managed by you or managed by a fund manager.
5. Climate Change Fund ISAs
For fans of Greta Thunberg looking to put their money where your mouth is, investing in a Climate Change Fund ISA will ensure that your money will be invested in a companies which are seeking to make a positive impact on the environment.
- Legal and General Future World ISA
- Legal and General Future World Climate Change Equity Factors Index Fund ISA