Individual Savings Accounts (ISAs) have been available since 1999. The proceeds are shielded from Income Tax, tax on dividends and Capital Gains Tax. So, you shouldn’t miss out on this year’s tax-efficient opportunity.
If you have cash savings or are investing, there is no reason not to use an ISA tax-efficient wrapper. The end of the 2020/21 tax year is Monday 5 April 2021, meaning that if you’re planning to use this year’s ISA
allowance you need to act fast. There’s no rollover from one tax year to the next.
We’ve answered some typical questions we get asked about how best to use the ISA allowance to help make the most of the opportunities as this tax year draws to a close. Questions covering:
- What is an Individual Savings Account (ISA)?
- Can I have more than one ISA?
- When will I be able to access the money I save in an ISA?
- What is a Help to Buy ISA?
- Could I take advantage of a Lifetime ISA?
- What is an Innovative Finance ISA?
- What is a Junior ISA?
- Is tax payable on ISA dividend income?
Don’t miss out on this year’s tax-efficient opportunity. Download our latest guide on ISAs to learn the answers to these questions and much more.
Other guides available: