One of the best ways to boost your investment returns is to save how much tax you pay. Every pound that goes off to HMRC is a pound that’s not sitting in your portfolio and compounding over time.
In the UK, one of the most obvious ways to do this is to utilise an Individual Savings Account. These are special accounts which attract no income tax, no capital gains tax and no tax on contributions or withdrawals.
The only catch is that your total ISA allowance is £20,000 each year, and this includes the various different types of ISA available. There are two main types of ISA - Cash ISA and Stocks & Shares ISA.
We keep things simple and offer our customers the Stocks & Shares ISA option.