Invest your full
allowance in one go
With a Stocks & Shares ISA, you can invest up to £20,000 before April 6th. Plus, with True Potential Investor you decide how you want to fund your Stocks & Shares ISA.
With a Stocks & Shares ISA, you can invest up to £20,000 in this tax year. With True Potential Investor you decide how you want to fund your Stocks & Shares ISA:
A Stocks & Shares ISA is a tax-efficient savings scheme that allows you to invest up to £20,000 in the 2017/18 tax year. Using up your allowance each year can significantly boost your investments and save you tax when compared with other saving and investment products.
You can use your full ISA allowance in a Cash ISA, Stocks & Shares ISA, or a combination of the two. You can also transfer from a Cash ISA to a Stocks & Shares ISA, and vice-versa. However, you can only pay in to one Cash ISA and one Stocks & Shares ISA in each tax year.
You can open a Stocks & Shares ISA if you are a UK resident aged 18 or over.
Out of the two ISA options, Cash ISAs and Stocks & Shares ISAs, Britons tend to choose cash. Over the short-term, this can be a
sensible choice, but it’s important to understand that with the current rate of inflation at 2.6% (July 2017), storing your money in a Cash ISA
could potentially be losing you money.
For instance, the best easy access Cash ISA rate is currently only 1.05% and the best fixed Cash ISA rate is 1.75% (as of April 2017).
With the current inflation rate at 2.6% (July 2017), this means that any money you have held in Cash ISAs is actually losing buying power.
For example, if you have £1,000 in a Cash ISA that grows at a rate of 1% each year, after 5 years you would have £1,051. However,
if UK inflation remained at 2%, your £1,051 would only have the same buying power as £950 – the value of your savings has shrunk
In a Cash ISA
The value of your cash with growth at 1% each year for 5 years
The value of your cash with UK inflation remaining at 2%
In order to reach your financial goal sooner, you will probably want to consider products that can potentially out-perform inflation
each year. A Stocks & Shares ISA has the potential to do this, as the returns you receive are directly linked to the performance of the
assets held within the fund.
With True Potential Investor you can withdraw cash from your Stocks & Shares ISA at any time, without losing the tax breaks, and
reinvest back into the ISA within the same tax year, without it counting towards your annual allowance. This is possible through our
award-winning impulseSave® technology that allows you to top up your investment anywhere from £1 to £99,999. You can also add
the remaining funds to your ISA to fill your allowance for the tax year by opting for our Max Allowance feature within impulseSave®.