The words Stocks and Shares ISA are shown on the screen at the start of the video. The video is animated with various scenes providing illustrations and metaphors for the storytelling.
An ISA for stocks and stocks offers a simple, tax-efficient way to grow your money for the future.
It is not an investment in itself, it is a kind of account.
And this is special because when you buy investments in an ISA, you are making them exempt from UK tax.
This means that if your investments increase, you will not have to pay capital gains tax on future profits.
And if you invest for income, you won’t be paying UK income tax either, which means you could save thousands of pounds in tax in the long run.
But remember that tax rules change and the benefits depend on individual circumstances.
You have the flexibility to withdraw cash when you need it, but due to the great tax benefits the government limits the amount you can invest in ISAs each tax year.
This is called the ISA allowance, it changes from year to year, but for the current year you can pay up to £ 20,000 and you have until April 5th to use it. or you will lose it.
How you choose to use your ISA allowance is up to you.
You can invest everything in an equity and equity ISA, or you can split your allocation among any combination of the other available ISAs, including cash, innovative financings and, if eligible, lifetime ISAs.
An ISA on stocks and stocks gives you the freedom to invest in a wide range of investments, including funds and UK and international stocks and bonds.
You can also hold cash to secure your valuable tax break now, and then choose the investments when you’re ready.
If you’re looking for a simple, tax-efficient way to save for the future, an Equity ISA is a great option.
You can start investing with a lump sum of £ 100 or £ 25 per month.
Unlike cash, investments can fall as well as rise, so you might get back less than what you invested. Tax rules may change and the tax benefits of ISAs will depend on your circumstances. This video is not personal advice, if you are unsure whether an investment is suitable for you, please contact us for advice.