To start an ISA, you need to live in the UK for tax purposes. You can only open one for yourself, except for a Junior ISA, which can be opened for a child.
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The ISA limit is for the current tax year from 6 April 2024 to 5 April 2025. Tax rules and limits can change, and the value of any benefits depends on your personal circumstances.
To start an ISA, you need to live in the UK for tax purposes. You can only open one for yourself, except for a Junior ISA, which can be opened for a child.
The six main types of ISAs are Cash ISAs, Stocks and Shares ISAs, Lifetime ISAs, Innovative Finance ISAs, Help to Buy ISAs and Junior ISAs.
Regular savings accounts usually don’t have a yearly limit on how much you can put in, whereas ISAs come with a set yearly allowance of £20,000 provided by the government.
Typically, if the interest you earn in a savings account exceeds your personal savings allowance, you’ll need to pay tax on the extra amount. But with ISAs, you never pay tax on any growth, returns, or interest you earn.
Finally, if something happens to you, the ISA allowances can be passed on to your spouse or civil partner with fewer tax hassles compared to money in a standard savings account.
As long as you are over 18, a UK or EEA resident and have a UK bank account.
We charge an annual management fee calculated on the total value of your portfolio.
The fee we charge will depend on the amount you invest and the investment style you choose.
You are able to access funds within your pension from age 55, set to increase to 57 in 2028. The range of options available to you allows you to withdraw as much or as little income as and when you require the funds after this age. This allows lump sums to be taken or a regular income, with the remaining funds being left invested with the ability to be taken at a later point when requested.
Contributions into a pension would receive tax relief of 20%-45% on your personal contributions from the government. The investments within your pension plan would also be able to grow tax efficiently without being subject to UK income and capital gains tax.