Individual Savings Accounts (ISA)
Are
you looking for help and advice for your ISA investments?
The ISA choices can be confusing;
- what type of ISA?
- which ISA fund manager?
- which ISA fund or fund sector?
- how much risk should I take?
Our experienced investment advisers can guide you through your ISA choices, explaining the steps along the way. We will look at your overall investments, your aims and your attitude to taking investment risk and then recommend what course of action is best for you. Please contact us to speak with an adviser.
ISA’s were introduced in 1999 as PEP’s were stopped and were the next steps in tax-free savings. ISA stands for Individual Savings Account and is a special form of savings and investment account which is nearly totally immune from tax. An ISA isn’t an investment itself but a tax free ‘area’ you can put your savings or investments in.
ISAs or Individual Savings Accounts to give them their full name can be invested in leading Unit Trusts or OEICs and they have the attraction that they are not subject to any income tax or capital gains tax. They can be bought by either a lump sum or a monthly contribution. It is possible also to transfer any poorly performing ISAs.
We, at Wrightways, however, primarily deal with investment fund based ISA’s, and listed below is the Wrightway’s ISA growth portfolio and our ISA income portfolio:
ISA GROWTH
Allianz RCM Japan
AXA Framlington Emg Mkts
Fidelity European Opportunities
Fidelity India Focus
Fidelity South East Asia
Henderson Strategic Bond
Invesco Perpetual High Inc
Invesco Perpetual Mthly Inc
JPM Natural Resources
Jupiter UK Growth
Merrill Lynch Gold & General
Schroder Strategic Bond
Schroder UK Alpha Plus
Threadneedle American Select
ISA INCOME
Artemis Income
Henderson Strategic Bond
Invesco Perpetual Corp Bond
Invesco Perpetual Global Bond Inc
Invesco Perpetual High Inc
Invesco Perpetual Mthly Inc
Jupiter Income
Neptune Income
Schroder Strategic Bond
These were arrived about by the following filters:-
1. Each fund manager must have the triple A star rating
2. They must have been in the position for a minimum of 3 years
Before your savings are invested however, you should firmly determine your attitude to risk and the percentage of your investment that you want allocated to different sectors.
Here is a break down of these rules and regulations;
ISA investment is legal if you are 18 years or over and are resident in the UK or, if not so resident, be performing duties as a Crown employee serving overseas and paid by the UK government or you are married to such a person.
ISA’s are built around the following components (all amounts are per tax year)
Any person who is 18 or over and is normally resident in the UK will have an annual ISA investment allowance of £7,200. Up to £3,600 of that allowance can be saved in cash with one provider. The remainder of the £7,200 can be invested in stocks and shares with either the same or another provider. Or you could choose to invest all of the allowance in a stocks and shares ISA. It is possible for 16 and 17 year olds to hold the cash component of an ISA.
If you would like to discuss how our independent investment advice service can
help you then please contact us.