Investment ISA

Investing in Stocks and Shares ISA is a simple and tax efficient way to grow your money in the long run.

The maximum amount you can contribute towards an ISA is £20,000 this tax year and the returns are free of income or capital gains tax. For a child between the age of 0-17 years you can put a maximum contribution of £9,000. Junior ISA is also exempt from inheritance tax as long as the person putting the income inside the account’s lifestyle is not adversely affected by making the payments.

You have until the 5 April to use your ISA allowance. Or you’ll lose it.

Time is of the essence.

The income and gains you get from your investment ISA you shelter them from UK income tax and capital gains tax. In the long term, this could mean you save thousands of pounds in tax.

The sooner you start investing, the faster you could see your money grow. Stock and shares ISA can grow faster than leaving cash in the bank earning minimal interest. Stocks unlike cash can fall. You can invest in a diverse range of assets including cash, bonds, funds, etc. And you can withdraw your money whenever you need.

Personal Tax benefits:

  • Income Tax

  • Capital Gains Tax

 

Product

Age to open

Maximum investment

Total Invested

Total Proceeds

Personal Tax Paid

Profit

Return

ISA

18+

£20,000

£200,000

£279,433

£0

£79,433

39%

Junior ISA

0-17

£9,000

£90,000

£125,745

£0

£35,745

39%

The Stocks and Shares ISA example above shows the possible returns and zero personal tax paid. This is a fictional example which was created for illustrative purposes only. If you are looking for a easy and tax efficient way to save and grow your money, stocks and shares ISA is a fantastic tool to use. Contact Oasis Wealth to Learn more

Please note, tax treatment varies according to individual circumstances and is subject to change.

The value of investments and the income they produce can fall as well as rise and you may get back less than you invested. For ISA’s Investors do not pay any personal tax on income or gains but ISAs do pay unrecoverable tax on income from stocks and shares received by the ISA manager.