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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.

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. They are riskier and more subject to market influences.

Lifetime ISA

Lifetime ISAs were created to give people aged between 18 and 39 years a helping hand towards buying a first home. There are strict rules however, on how you can use the government bonus and withdrawing the savings.

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.

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What does our assessment service cover?

Our 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.

Investment Performance

If your current ISA is valued over £20,000, our advisers will check the type of your current ISA investment, it’s growth rate, risk level and compare across the market. They will make expert recommendations that could add value quickly to your savings.

ISA Advice

If you have £20,000 to invest and currently have not invested in an ISA this year, our team can carry-out a full attitude to financial risk check and scour the whole of the market to advise you on the best investment for your money. Depending on our professional assessment, this could be a stocks and shares ISA, cash ISA or a lifetime ISA product.

Whole Market Check

We’re independent and not tied to any provider, so can find the best and most suitable ISA product for your needs.

Expert advice in 3 simple steps.

With so many different ISA products and providers available, it can be difficult to understand what you’re invested in and whether that’s giving you rate of return for your money.

Complete our short enquiry form

Complete our short form so we can get a better understanding of your situation.

Analyse and report

As soon as you give us authority to work on your behalf, our team will get started analysing your investments to produce an in-depth report and assess against the market.

You can make an informed decision

Your financial adviser will deliver their assessment and ensure you fully understand the advice given. Now you will be able to make informed decisions about your finances.

FAQs

We have the answers.

Have a look over our frequently asked questions, and if you can’t find what you’re looking for simply get in touch with our friendly team who are here to answer any questions you might have.

What is the difference between a cash and stocks and shares ISAs?

A cash ISA is usually an easy access savings account, where people will receive a low rate of interest, but your money is a low-risk investment. Stocks and shares ISAs are where your money is invested into the stock market and depending on the risk category of your ISA, you will receive varying rates of interest.

How much can I invest in an ISA?

The maximum you can currently invest in a single tax year is £20,000. That doesn’t mean you’re only allowed to have that amount invested, as over the years you can accumulate funds within your ISA.

What is an ISA?

An ISA’s full name is an Individual Savings Account and is a tax-efficient way of saving money. An ISA will allow you to invest a certain amount of money throughout the tax-year.

Why is telephone-advice better?

Hilltop Finance is a little different from the typical financial adviser; we are a predominately telephone-based advisory service. We believe that this offers more flexibility and benefits to our clients; including: –

Convenience – You can talk to your adviser when you are at home, on a lunch break or commuting to work.

More Secure – We record all calls, and they’re logged and compliant to FCA standards. Face-to-face appointments aren’t, so there could be more opportunity to be misadvised.

In Your Own Time – We work at a time that suits you. You don’t have to wait around if we’re stuck in traffic or late to the booked appointment.

Efficient Process – With efficient telephone conversations, we can keep the impact on your busy daily life at a minimum.

Accessible – Your financial adviser is more accessible through a telephone meeting than booking a specific face-to-face appointment, weeks in advance.

Is an ISA Tax-free?

Yes, you pay no tax on income or capital gains tax.

Do you need to declare your ISA investments on a tax return?

No, you don’t need to declare your ISA on your tax return.

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