The recent budget proclaimed approaching changes to the Individual Savings Account allowances.
In future, allowances are to be enhanced each year by cost of living. This is a outstanding benefit, as every year the sum of money you will be capable to invest in tax effective savings will go up.
For a couple that are married this means that they are able to invest up to £20,400 into Individual Savings Accounts.
If however you are intending to use your cash Individual Savings Account allowance then the maximum amount of money you can contribute is ten thousand two hundred pounds.
Where you contribute is just as important as the gains of investing into a tax preferred investment contract.
Each investor in conjunction with their independent advisor should check their attitude to investing. It is essential to ascertain that your existing investment funds meet their targets. You should also check on a annual basis to ascertain that the amount of risk has not altered since the investments were purchased.
1 method of doing this is to use a model portfolio of investment funds. This will let investors to purchase in a risk contained way and rebalance the portfolio on a yearly basis.
If you would like to find out more about model portfolios, Isa’s and how to buy investments in a prudent way why not contact us?
Consilium AM offer investment management in South Gloucestershire