Individual Savings Accounts and Investment Management
The last budget declared future modifications to the Individual Savings Account allowances.
In future, allowances are to be increased every year by inflation. This is a important gain, as each yr the sum of money you will be able to invest into tax effective investments 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 considering using your cash Individual Savings Account allowance then the upper limit amount of money you can invest is £10,200.
Where you invest is just as essential as the gains of investing into a tax preferred investment product.
Every investor in conjunction with their independent financial adviser should ascertain their attitude to investing. It is essential to ascertain that your existing investments meet their targets. You should also ascertain on a annual basis to ascertain that the level of risk has not changed since the investment funds were purchased.
One method of managing this is to use a model portfolio of investment funds. This will allow investors to purchase in a risk contained manner and rebalance the portfolio on a yearly basis.
If you would like to find out more about asset allocation, Isa’s and how to buy investments in a wise way why not get hold of us?
Consilium Asset Mgmnt offer investment advice in Bristol.
