A Stocks & Shares ISA is a wrapper that can be put around a wide range of different investment products to help save you tax.<\/p>\n
A number of different types of investment can be held in an ISA, including:<\/strong><\/p>\n Unit trusts Whole allowance <\/strong> Your yearly ISA allowance expires at the end of the tax year, and any unused allowance will be lost. It can\u2019t be rolled over to the following year. You can choose between making a lump sum investment and\/or making regular or ad hoc contributions throughout the tax year.<\/p>\n Investment value<\/strong> You can only pay into one Stocks & Shares ISA in each tax year, but you can open a new ISA with a different provider each year if you want to. You don\u2019t have to use the same provider for your Cash ISA, if you have one.<\/p>\n Transferring ISAs<\/strong> All ISA providers have to allow transfers out, but they don\u2019t have to allow transfers in. You can transfer money from a Cash ISA to a Stocks & Shares ISA.<\/p>\n If you transfer an ISA that you have paid into during the current tax year to a new provider, you must transfer the whole balance. For ISAs from previous years, you can choose how much to transfer.<\/p>\n For most of the investments you would put into a Stocks & Shares ISA, the value can go can go down as well as up, and you might get back less than you invested. The level of risk in your Stocks & Shares ISA will depend on the investments you choose to put into it.<\/p>\n","protected":false},"excerpt":{"rendered":" Investing in wide range of different tax-efficient investments From July 2014, Individual Savings Accounts (ISAs) can now be used to hold stocks and shares or cash, or any combination of these, up to the current annual limit. An ISA is a \u2018wrapper\u2019 that can be used to help save you tax.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/posts\/2344"}],"collection":[{"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/comments?post=2344"}],"version-history":[{"count":0,"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/posts\/2344\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/media?parent=2344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/categories?post=2344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pksassociates.co.uk\/news\/wp-json\/wp\/v2\/tags?post=2344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOEICs (Open-Ended Investment Companies)
\nInvestment trusts
\nExchange-traded funds
\nCorporate and government bonds
\nIndividual stocks and shares<\/p>\n
\nYou can pay a total of \u00a320,000 a year into an ISA in the current 2018\/19 tax year. The whole allowance of \u00a320,000 can be paid into a Stocks & Shares ISA, a Cash ISA, or a combination of these.<\/p>\n
\nAny increase in value of the investments in your Stocks & Shares ISA is free of Capital Gains Tax and most income is tax-efficient.<\/p>\n
\nShould you wish to switch your current or previous year\u2019s ISA to a different provider\u2019s ISA while simultaneously keeping future tax benefits intact, you have to arrange for a transfer rather than selling and reinvesting.<\/p>\n