We provide advice on a range of products, to help you achieve your investment goals.
CASH DEPOSIT ACCOUNTS
To keep your money secure but watch out for falling rates if initial ‘bonus’ periods expire and also the FSCS protection of the £75,000 per account in the event of the failure of the bank or building society.
You can invest into Cash or Stocks & Shares directly or via collective investment funds. No Capital Gains Tax is payable on encashment and you can use the plan to generate tax free income in the future, valuable in today’s increasing tax environment. Up to £15,240 per person, per tax year can be invested currently and this can be split between Cash or Stocks & Shares in the amounts suitable for you. The Cash rates available are dependent on the provider offering the NISA.
JUNIOR ISAS (CASH / STOCKS & SHARES)
Junior ISAs are a tax efficient way of saving for your children’s future and up to £4,080 a year can be invested in the same way as a regular ISA. Whilst Junior ISAs must be set up with the parents or legal guardian as the registered contact, anyone is able to contribute into the plan.
For regular savings ISAs are still very suitable. If for any reason you do not wish to use these there are a range of other regular savings accounts you can use for yourself or for children.
OPEN ENDED INVESTMENT COMPANIES/UNIT TRUSTS
These are ‘collective’ investment funds which you can usually hold within an ISA or separately outside of an ISA.
Can be useful to consider for lump sum investment for tax planning purposes.
The Financial Conduct Authority does not regulate Deposit accounts and some forms of Individual Savings Accounts.
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