Currently, the available types of ISA are:
The big benefit of ISAs is that no tax is payable, either on the interest from cash or on investment returns.
Everyone has a yearly allowance for how much they can pay in. This is currently £20,000 a year, and this can be invested into a single ISA, or split across different types depending on how you wish to save. The exception to this allowance is the LISA, which has a £4,000 annual limit and the JISA which has a £9,000 limit.
ISAs are a very useful tool in financial planning and at Beaumont Wealth we will always look to use your tax allowances and tax advantaged options as appropriate for your circumstances.
With Beaumont Wealth it is simple to open, transfer or top-up an ISA and we will share our knowledge, insight, and expertise to help you invest with confidence.