Jump to content

Tax free ISAs - NOW

Geoffrey Settle

Recommended Posts

With the Tories in the shape of David Mawat and Paul Kennedy trying to claim to take the initiative on tax free savings on the front page of WWW last week. I'd ask them 'Where have they been since April 1999, have they forgotten about Tax Free ISAs?'.


Everyone regardless of wealth or income has until the end of March to take advantage of the current financial year's Tax Free saving opportunity. They don't need to have ?36,000 to do so!


Everyone has until the end of March to put away this year's investment allowance of anything from a couple of pounds to ?3,600. It has guaranteed protection of the Government.. In April they can save up to another ?3,600.



Link to comment
Share on other sites

Yes, cash or shares. The advantage with shares in an ISA is that if you can guess on a share that is going to rise substantially, the profit is tax free. An example would be ?3,600 invested late last November in Taylor Wimpey, and sold early last week would have returned a tax free profit of about ?20,000. But as they say...the value of shares can go down as well as up. :wink:

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...