The ISA deadline date for the current 2022/23 year is midnight on the 5th of April 2023. Ignore it at your peril. If you do, you could miss out on the opportunity to maximise your annual ISA allowance. How does the ISA deadline work? The ISA deadline is aligned with the tax year. In other […]
As parents and guardians of babies and young children, we aspire to help our little ones grow into caring, responsible, and financially stable adults, and saving for your child is an integral part of that process. Therefore, we address questions about when you should start saving and what savings vehicle you should use here in […]
Are parents able to withdraw from Junior ISAs accounts? This article discusses the rules concerning Junior ISAs, how they work, and who can make Junior ISA withdrawals. To find out more, please read on. What is a Junior ISA A Junior ISA (JISA for short) is a long-term, tax-free savings account that a parent or […]
For parents or relatives thinking of investing for children, the earlier you start, the better. That way, you can take full advantage of their growing years to allow the investment to appreciate as much as possible, but what’s the best way of investing for kids, and how do the various options work? The difference between […]
An individual savings account ISA is a savings and investment account with a tax-free ISA allowance, and the ISA allowance is £20,000 per person, per tax year. There are many types of ISAs. You might ask yourself how many ISAs can I have and how does the annual ISA allowance apply. These are valid questions, […]
When setting up a savings account, trying to figure out what solution is right for you can be confusing. If you want to start saving in a more tax efficient way, ISAs are a great place to start. But what exactly are ISAs, and how do they work? In general, ISAs, or Individual Savings Accounts, […]
Can a grandparent open a Junior ISA?
The short answer is, to open a Junior ISA, you must be the legal guardian of the minor associated with the ISA. That said, there are still ways that you, as a grandparent or friend can contribute to it. Junior ISAs are a good way of helping the young person in your life to gain […]
2019/20 ISA allowance ISAs are a simple way to grow your money tax-free, but it’s important you know the basics to ensure you can maximise your returns. The ISA allowance is the maximum amount you can save or invest tax-free in an ISA during one tax year. When it comes to investing in your ISA […]
How many ISAs can I have?
Investing in an ISA is one of the simplest ways to grow your money tax-free, but the generous benefits available mean there are some rules you have to keep to, like how many ISAs you can invest in.