have you used your ISA allowance?
Every tax year you have the opportunity to invest in stocks & shares or cash through an Individual Savings Account (ISA). An ISA remains one of the few investments that you do not pay income or capital gains tax on any growth. Remember, tax treatment depends on your individual circumstances and may change in the future.
Under 50s
You’ll need to act quickly to take advantage of this year’s allowance of £7,200 because it runs out on 5 April 2010. Next year your allowance will increase to £10,200, of which £5,100 could be deposited in a Cash ISA.
Over 50s
You’ll need to act quickly to take advantage of this year’s allowance of £10,200 because it runs out on 5 April 2010. If you don’t have the money to invest in this tax year, the good news is that you will have a new £10,200 allowance next year of which £5,100 could be deposited in a Cash ISA.
Finding the right investment for you
It is important that you invest your ISA in line with your financial objectives and personal views of risk as one ISA investment does not suit all. At Spofforths Financial Planning Ltd we provide unbiased independent advice, tailored to meet your views and objectives.
Take a fresh look
If you have existing ISAs with other providers then it is a great time to review your investments. It is easy to consolidate your existing ISA contracts if your old investments no longer suit you.
Want to know more?
The end of the tax year is approaching and we would welcome the opportunity to tell you more about the benefits of investing in a stocks and shares ISA.
If you wish to know more please contact one of our Chartered Financial Planners on 01903 743856. Our initial client meetings are carried out at our expense.
Emma Chettle
Chartered Financial Planner
Spofforths Financial Planning Limited
Date:25 February 2010