Investing In An ISA Could Be A Sensible Way To Save

An ISA is a sensible option to start saving. ISAs can be easy to understand, flexible and a tax-efficient way of building up a nest egg for the future.

Whether you’re looking to save in the short or long-term, the range of ISA products available means they could be suited to your needs and requirements.

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What Types of ISA Are Available?

There are a number of different ISA (Individual Savings Account) products and providers, but fundamentally there are three main groups of ISA: –

    • Cash ISA – A Cash ISA works in the same way as a typical saving account except there is no income tax on the interest paid. Any investment made into a Cash ISA will deliver a small growth return over time. This growth/interest rate will vary between product and provider, but generally they at similar levels.

      There are two main types of Cash ISA, a fixed or variable rate product. A fixed-rate ISA generally offers higher rates of return but is generally fixed for a set period. A variable ISA allows more flexibility and will enable investors to withdraw funds when required. A Cash ISA is a low-risk investment.

    • Stocks and Shares ISA – With Stocks and Shares ISAs, an investor can put money into the ISA to buy shares, funds and other types of investments. The funds are free from UK capital gains and like a Cash ISA, tax-free. Investing in a Stocks and Shares ISA generally gives your finances the potential to grow faster than with a Cash ISA, but they are riskier and more subject to market influences.

      It’s recommended that before investing in a Stocks and Shares ISA to take financial advice from a regulated financial adviser, due to the risks involved.

    • Lifetime ISA – Lifetime ISAs were created to give people aged between 18 and 39 years a helping hand towards buying a first home. As well as receiving tax-free interest on the investment, holders of Lifetime ISAs additionally received an extra 25% bonus from the Government for every £4,000 invested tax-free*.

      There are strict rules however, on how you can use the government bonus and withdrawing the savings. The Lifetime ISA product superseded the Government-backed Help to Buy ISA.

      *https://www.gov.uk/lifetime-isa, Jan ’20

As with any investment, the value of your funds can go down as well as up, and expert financial advice is always recommended.

Call us today on 0161 413 7051

Why choose Hilltop Finance?

At Hilltop Finance, our team of financial experts can help guide and advise you on how to get the most out of your savings. Whether you’re an experienced investor looking for good returns or someone looking to secure a little nest egg for the future, we will assess your current ISA investments to ensure you’re getting the right deal for you.

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Fully authorised and regulated by the Financial Conduct Authority
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Independent and not tied to any provider
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Always work in your best financial interests
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Telephone-based advice for your convenience
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Experienced and fully qualified financial advisers

How does our ISA assessment work?

Our stocks and shares ISA assessment will give you a thorough understanding of how your current investments are performing, find out your individual circumstances and investigate if there are more suitable products for you on the market.

Our ISA assessment covers: –

  • The growth performance of your current investments
  • How accessible your current ISA products are
  • Get the value of investments contained within your ISA
  • Assess your attitude to financial risk and the risk level of your ISA

If you meet the minimum criteria, once we have assessed your ISA and the investments that account contains, we will search the whole of the market to find out if there are more suitable, and potentially better-performing products on the market.

Your financial adviser will then deliver a comprehensive report, including financial advice that will enable you to make informed decisions regarding your investment ISAs.

Why Wait? Speak to our team now on

0161 413 7051

As with any ISA investment, the longer you leave a poor performing fund, the more chance there is to lose money. By contacting Hilltop Finance today, we can start assessing your investments and help you to make the most of your savings.

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