Investors 'should be using Isa allowance'

Money News

www.moneynews.co.uk > General finance > Investors 'should be using Isa allowance'

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Investors 'should be using Isa allowance'

Consumers will benefit by using their Isa allowance in order to save money without being taxed, according to an industry analyst.

Adrian Lowcock, senior investment advisor at Bestinvest, pointed out that the government is likely to make tax rises in the future which will hit people's wallets in some way.

He recommended that consumers use either their cash Isa allowance or their stocks and shares Isa allowance to avoid paying tax on their savings.

"Since the budget, Isas are now the number one stopping point for the vast majority of investors. You should be using your Isa allowance each year," he said.

If people are planning on investing in stocks and shares, Mr Lowcock advised choosing carefully which fund to put their money into.

Recent research by Fidelity International showed that over-50s can keep £43,000 out of the taxman's hands by taking advantage of their Isa allowance until they reach the age of 65.

Click here for more general finance newsADNFCR-323-ID-19434262-ADNFCR

Related News : General finance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet