Well, it has come around again and after an extremely busy couple of weeks in the office, the new tax year has arrived, bringing with it good news for savers! The new limit for ISAs for the tax year 2017/18 has now increased to a generous £20,000 with the Junior ISA (JISA) limit increasing to £4,128.
We had a number of clients opening new ISA policies and topping up their ISAs in the last few hours before the end of the tax year so that they didn’t miss out on their tax-free allowance.
Our Investment ISA bonuses are calculated daily and added monthly, so could be working harder for you over the next year, the sooner you pay it in, the more bonuses it could accrue!
Not interested in a stocks & shares ISA?
Whilst our Investment ISA is classed as a stocks and shares ISA, only around a quarter of our with-profits fund is invested on the stock market – providing a low-medium risk investment but with greater potential returns than a cash ISA. And with interest rates set to remain at a all time low, people are looking for alternative ways to invest their hard earned cash.
Our Investment ISA has returned 18.15%* after charges over the past 5 years this combined with the fact that our members are protected by the Financial Services Compensation Scheme for up to 100% of the value of the claim with no upper limit, is proving very attractive to members all over the UK.
Find out more about our Investment ISA / Junior ISA and our other tax-free savings plans in our short video guide:
*after charges from 6th April 2012 – 6 April 2017 – Based on a bonus rate of 5% in 2012/13, 5.5% in 2013/14, 5.5% in 2014/15, 5% in 2015/16 and 4.75% in 2016/17.