Getting the most from your ISA

If you want to save small, regular amounts, one thing you may want to look at is an Individual Savings Account (ISA). It’s most likely available from your local bank.  Most banks, building societies and a variety of other providers provide them.  Even though the interest rates are still low, these are still a popular ‘tax-free’ saving option.

ISA Investments

If you’ve got savings and want to reduce your tax, this may be something to look at further. For all adult savers, the maximum investment this year is £11,520.

Remember, you have until 5 April 2014 to make your ISA investment for the current year.

Junior ISAs for children

If you have children or those under 18, a Junior ISA might be a worthwhile option.  Those aged under 18 who were not entitled to a Child Trust Fund account, may invest up to £3,720 this year. Withdrawals are not normally permitted until the child reaches the age of 18, at which point the Junior ISA will become a normal adult one.

This advice provided by our sister company, ad+ financial, which is a trading name of Holyrood Asset Management Limited which is authorised and regulated by the Financial Services Authority.