ISA investment still remains the most tax favourable wrapper to use.
Remember that an ISA is simply a tax wrapper that determines the taxation of what is held inside it. If you hold a poor fund, don’t blame the ISA tax wrapper, blame the person who put you in the bad fund, take advice and switch it without losing the ISA tax breaks.
You should always use an ISA before considering any other investment.
An ISA is simply a wrapper that allows that the gains made within the fund are free of tax. A cash ISA allows for cash to be held within a building society/bank and all gains to be available free of tax, irrespective of the tax position of the holder.
Within an ISA you can invest into most collective investments such as unit trusts/OEICs and corporate bonds. The fund choice will determine your returns but the Isa simply makes it free of UK capital gains tax.
For fixed interest ISA funds charges are important, as there is less fluctuation in the potential return. For an investment ISA (stocks and shares) expect to pay more for the best funds.
ISAs were brought in by the Government in April 1999 to replace Tax Exempt Special Savings Accounts (TESSAs) and Personal Equity Plans (PEPs) and recent support by the government shows their commitment to the future of ISA as an investment option
In our opinion, choosing the best ISA relates solely to the performance of the ISA fund, assuming the ISA charge is neutral. Consider the Investment risk section as well as investment performance, Investment tips, and investment objectives before choosing your Isa.
If you have an existing Isa and you wish us to manage it for you, you can do so at the same cost as you are currently paying. Often we have access to the Isa funds much cheaper than you will have access at a retail level.
If you have a range of ISA funds and other Investments you may wish us to manage all your investments in one place under Worldwide wealth management. Read our section on Wrap Investment.
Find out why so many people choose Worldwide Financial Planning as their Investment adviser by calling 0800 0112825 or complete the enquiry form in confidence.
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