Investment ISA Advice in Essex and London
Investment ISAs are different to Cash ISAs; a Cash ISA is simply a savings account where you deposit money up to an annual limit and the interest earned on these savings aren’t taxed.
An Investment ISA (also known as a Stocks and Shares ISA) is different as you can invest in funds, bonds and shares in companies.
Investment ISAs may be considered riskier than a Cash ISA, however with a good management team, such as our team at French and Associates looking after your investment, the returns can be much greater.
The advantages of an Investment ISA are:
- No tax to be paid on profit from shares i.e. so if you sell a share for more than you bought it for you pay no tax on the profit
- If you earn interest from bonds this is not taxable so you keep it all
- Any income you earn from shares and investments is capped at just 10% tax; whereas if you are a higher rate tax payer you could be looking at paying up to 37.5% tax.
- Invest £20,000 into an Investment ISA or a Cash ISA or a combination of the two.