How much can be invested in an ISA?

This tax year up to £20,000 can be invested in an ISA (a tax year runs from 6 April one year to 5 April the next).

The ISA allowance can be split as desired between a Cash ISA, a Stocks & Shares ISA, a Lifetime ISA (maximum £4,000) and an Innovative Finance ISA.

The Tax Benefits of ISAs

On most savings and investments tax is paid, but not if they are held in an ISA. An ISA is simply a wrapper within which capital and income is sheltered from tax, and less tax means the potential for higher returns.

Each tax year there is an ISA allowance, this year (2017/18) the allowance is £20,000. Used every year, the ISA allowance allows investors to build a substantial portfolio of tax-efficient savings and investments.

Investors can have one Stocks & Shares ISA, one Cash ISA, one Lifetime ISA and one Innovative Finance ISA each tax year, and can split the £20,000 allowance as desired between them (subject to a maximum of £4,000 in a Lifetime ISA), as long as they stay within the overall limit.

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Why undertake your ISA review with Periscope Wealth?

  • We are authorised and regulated by the FCA which provides you with protection.

  • We'll check the health of your current investments when we review them and only advise to switch if it benefits you.

  • We will provide you with regular communication, not just a statement and a letter once a year.

  • We are committed to the highest standards of client care.

  • All our ISA reviews are fully transparent, free and have no obligation to proceed.

  • We provide tailored advice based on your personal circumstances.

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