Ablestoke Review – Making the most of your ISA allowance

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With the end of the tax year looming, now would be an ideal time to make use of your ISA allowance for this tax year and next.

In this tax year 2011/12, you’re able to invest up to £10,680 into an ISA and then in the next tax year (2012/13) increase the amount to £11,280. The ISA is considered the most tax efficient way of saving as all proceeds paid are free of income and capital gains tax.

Junior ISA

This tax year we have also seen the introduction of the Junior ISA, which enables investments of up to £3,600 to be made on behalf of your children/grandchildren.

This is seen as an ideal way to plan for their future; to perhaps help them with a house deposit, set up a new business or help with university fee planning.

Stocks and Shares ISA

With interest rates continuing to remain at a record low, the Cash ISA now appears less attractive, so you may wish to consider investing in a Stocks and Shares ISA. We have access to the leading ISA providers and a range of funds to match your financial needs.

At Ablestoke our service proposition means we provide you with regular contact and reviews to ensure to that your ISA continues to meet your requirements and we can address any other financial needs you may have.

Contributions can be made by lump sum, monthly contribution or a combination of both with monthly payments beginning from as little as £10.00 per month (Junior ISA only).

The value of the investment can go down as well as up and you may not get back as much as you put in.

With less than a month before tax year now is the time to take action, so contact us at Ablestoke and we’ll be happy to help.

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