High principles but low tax: Ethical ISA Investments
If you are interested in investing with conscience, with low-tax returns on your ethical investments, then ethical ISA investments may be the perfect solution for you. When your money is invested in an ethical ISA, it is not only working to gain value for you, it is working to promote your personal environmental and social beliefs as well, by investing in companies making green products or providing green services, and generally deemed to be making a positive contribution to the planet.
Would you like to hear more about ethical investments in ISAs? Contact our ethical team with an online investment enquiry or ring 0800 678 5929 now.
An ethical ISA is a stocks and shares Individual Savings Account through which you can invest up to £11,280 per year, with tax advantaged returns, in ethical funds. The tax advantage makes ethical ISAs a much more efficient way to invest in ethical funds than a direct investment, and the allowance renews itself every year, giving you the opportunity to build up a substantial nest egg based on socially responsible investments.
Ethical ISAs good for long term growth
Ethical ISAs are regarded as a longer term investment, and recommended more for those who wish to benefit from stock market growth for periods of 5 or 10 years at least – although, as far as the stock markets are concerned, it is generally a case of the longer, the better. Many people see ethical investing in ISAs as a second strand of their retirement planning, running side by side with their pension, and one which, by working in ethical investment funds, provides a pension income ‘with conscience’ at the end. Ethical investing in ISAs is also a great way to save for your children, and can provide them with a first car, help with the cost of getting married, or even a deposit on their first home, in a way that is in keeping with your personal environmental convictions.
Not all ethical investments are the same, however, and some funds have been criticised for containing holdings that few would regard as meeting ethical investment criteria. This is why it is important, when seeking the right ethical ISA investments, to have an independent financial adviser drill down into a fund and find what the holdings really are.
Our ethical investments team at Principle First have access to the inside information on all ethical funds, and can set up an ethical ISA that will truly reflect your needs.
Would you like to hear more about ethical investments in ISAs? Contact our ethical team with an online investment enquiry or ring 0800 678 5929 now.
