An ISA (Individual Savings Account) is a tax-free savings or investment account that gives you the opportunity to save or invest a certain amount of money every year, without having to pay tax on any growth in your investments or savings. There are 4 types of adult ISA available (stocks & shares ISA, cash ISA, innovative finance ISA , and lifetime ISA). The interest on cash accumulates on a tax-free basis, as does income and capital gains made on investments.
A stocks and shares ISA lets you invest in “qualifying instruments” such as stocks and shares, funds, etc. A stocks and shares ISA is not an investment in its own right. The best way to think of a stocks and shares ISA is as a ‘wrapper’ with which you can shelter your savings and investments from both Income Tax and Capital Gains Tax. The IBUKL Stocks and Shares ISA lets you choose from a range of investments to invest in. You can select and manage your IBUKL Stocks and Shares ISA yourself or arrange for your financial advisor to do so on your behalf.
When deciding which type of ISA to open, you should consider the pros and cons of each so that you can choose the type that best fits with your personal needs, circumstances and financial goals. We offer stocks and shares ISAs only.
Tax treatments depend on your individual circumstances and may change in the future.
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