ISAs

In what is likely to be his last Budget before a general election later this year, Chancellor Jeremy Hunt revealed the Treasury's plans to boost the UK economy, featuring another cut to National Insurance and the creation of a UK ISA to encourage domestic investment.

The financial services industry is full of jargon, and ‘Bed and ISA’ is probably one of the more unusual terms you may come across. To demystify the term, we take you through exactly what ‘Bed and ISA’ is, and how the process may help you make the most of your tax-free allowances when investing.

There are a range of savings accounts on the market all aimed at helping you make the most of your hard-earned money. There are nuances to each of them and which are best depends on your age, goals, how much you have to put away and how long for.

Here we address some of the most common questions about Individual Savings Accounts (ISAs): how many can you have? How much can you invest? And how can you transfer between them?

Whether you are new to the world of investing, or someone who has been putting their money to work for many years, the end of the tax year is an opportunity to take advantage of tax-efficient wrappers and potential government bonuses on some products.   

Cash ISAs have become more rewarding in recent months as interest rates have risen. Should you save – or invest in a stocks and shares ISA instead? 

Whether it’s a little bit of money in a birthday card or something more substantial, grandparents often want to help with their grandchildren’s financial futures. Our guide weighs up the differences between traditional ISAs and Junior ISAs, so grandparents can decide which may better suit their grandchild’s needs. 

The 2022/23 tax year ends on Wednesday 5th April, and with it, your annual allowances, which offer several tax benefits. Here are six ways to make the most of them. 

Transferring or consolidating your ISAs could give you a clearer picture of your wealth, better value for money, and less admin in the long run.

Our helpful guide explains how to choose an ISA, the different types of ISAs, and how to make the most of your ISA allowance ahead of the tax year end.

Saving and investing used to be for scrooges and squares, but they’ve become pastimes for millions of people who know that being financially savvy is far from geeky – it’s the way to fund their best life. Strategising, maximising and squirrelling away more of their income has become a lifestyle for legions of younger Brits, helped along by online communities who share tips on having ‘no-spend’ days or weeks, growing their wealth through investment and potentially reaching complete financial freedom. 

When the Lifetime ISA was introduced in 2017, it was intended to help people put money away for their first home or retirement. If you’ve been using a Lifetime ISA (LISA) to get you onto the property ladder, it could be helpful to know what steps you need to take now that your home purchase is in sight.