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| Investments |
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| Investing
Research Help |
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PAST
PERFORMANCE IS
NOT A GUIDE TO FUTURE RETURNS & INVESTMENT RETURNS MAY
FALL AS
WELL AS RISE - Risk Profile must be clarified before proceeding
with any investment advice. |
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ISA Investments
- Tax Efficient & Risk Free
Perhaps the risk profile of some investments is unsuitable. Investing
in an ISA allows you to save up £7200 per tax year (April to
April) without having to pay tax . (From April
2008)
A cash ISA is similar to a general savings account, yet with the added
benefit of paying no tax and you generally get a higher interest rate.
Cash ISA or Stocks & Shares ISA?
A Stocks & Shares ISA is ideal if you are prepared to take a chance
on the stockmarket in the hope of higher returns, while also maximising
the use if your tax-free shelter.
Likewise if it is important for you to shelter your cash from tax
with minimum risk, the Cash ISA may be more suitable. |
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New
ISA changes for 2008/2009 tax year |
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Mini and Maxi ISA's no longer
exist - you will now be able to have two separate ISA's in
a tax year; a Cash ISA and/or a Stocks & Shares ISA
You can now invest up to £7,200 each
tax year which:
- you can invest up to £3,600 in a Cash ISA
and the remainder in a Stocks & Shares ISA OR
- invest up to £7,200 in Stocks & Shares
ISA
You can have both a Cash ISA and a Stocks & Shares ISA
in a tax year which can be with the same or different providers.
You can transfer money you have saved in a Cash ISA in previous
tax years, into a Stocks & Shares ISA without it affecting
your annual ISA allowance.
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