Our essential guide to ISAs

One of the easiest ways to maximise your investment returns is to invest your money via an Individual Savings Account, or ISA.

Each year, we all have an ISA allowance which we can use to shelter our savings and income from tax. This tax-efficient allowance currently stands at £20,000.

However, you need to use this allowance before the end of the tax year, as you can’t carry it forward to the next tax year. This means that, for this tax year, you need to use your ISA allowance before 5 April 2024 or lose it forever.

To help ensure you don’t miss out, we’ve drawn up our essential guide to ISAs, explaining the history behind them and what your savings options are.

ISAs, or Individual Savings Accounts, were first introduced in 1999 by the then chancellor Gordon Brown. The aim was to encourage more people to save for the future and since their introduction, ISAs have grown to become one of the UK’s most popular savings products.

Throughout the development of ISAs, successive governments have tweaked and redesigned different aspects of them, including the addition of new products and amended limits.

The changes mean that choosing the right ISA product for you while understanding how to make the most of your allowance isn’t as straightforward as it was previously.

For more details about ISAs and the current options available to you, please click on the link below, to read or download our comprehensive ISA guide.

Alternatively, why not give us a call to discuss your savings requirements?

Download our guide to ISAs

< back to News & Views

News Feed


Mortgage competition hots up as rates decision looms

Lenders cut the cost of new mortgages, with hopes of further falls, but many homeowners are still stretched.

News & Views

July 2, 2024

July 2024 Investment & Economic Update

Our latest monthly investment update for July 2024 examines how the global investment markets, economy, and commodities are performing.
Read more