An ISA, is an Individual Savings Account, they were introduced in April 1999, to replace the old-style tax free savings. An ISA is basically a tax-free account into which you can put either your cash or shares.
Enable Independent, IFA’s in Bishop’s Stortford, realise how important it is to make sure our customers are getting the best out of their money, and it’s at this time of year when the current 2012/2013 tax year runs out on April 5th.
The 2012/2013 year allowance is £11,280, and is made up from the money you add, not from the interest or growth earned. An ISA can be split in a few ways, for example you could put a maximum of £5,640 into a cash ISA and the rest could be added to a stocks and shares ISA.
To find out more about the 2012/2013 ISA allowance, then contact Enable Independent, we will be able to give you advice on how to add funds into an ISA before the 5th of April deadline. Or to find out more about the difference between a Cash ISA and a Stocks and Shares ISA please read these ISA related articles:
Make sure you use your ISA allowance
Money is not necessarily tied up in an ISA
The Big thing about ISA’s
ISAs futures and past
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