Property News · March 25, 2017

Is an Isa the best home for your nest egg?


There are many Isa options open to savers these days, but the original tax-free vehicle is still worth a lookYou only have until 5 April to take advantage of your £15,240 Isa allowance. So should you be investing your cash in an Isa? And if so, what type should go for – cash, investment or the more risky “innovative” option? Read on for the what, how, where and why of Isas…Isas are accounts on which you will never have to pay tax. During the current tax year you can put £15,240 into an Isa and leave it there forever, and the interest or capital gains are free from tax. In extreme cases, some husband-and-wife couples have been able to build up £1m in Isas, with all the money they generate being tax-free. Continue reading…

Source : theguardian.com
Read more…Is an Isa the best home for your nest egg?

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