Best Stocks and Shares ISA (Individual Savings Account)
Reasons to Buy Online or Transfer today:
1. All top ISA managers in one place.
2. Invest online within 10 minutes.
3. We take 0% commission.
4. Online dealing & valuations.
5. Secure, fast and easy.
Why Investor Profile?
Perhaps you already have some ISA funds? Transfer your existing ISA to Investor Profile today for easy online management.
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New ISA Contribution limits for 2010/11
As of 6th April 2010 all UK residents aged 18 or over can invest up to a maximum £10,200 in a Stocks and Shares ISA.
For more information please scroll down to our ISA Contribution Rules below.
Why should you invest in an ISA now?
Well nobody likes paying tax. The problem is that this economic crisis has meant the Government is looking into all the different ways it can generate more income. The best way for it to do that is to raise taxes, and these include income tax and capital gains tax.
Investing in an ISA now will protect your money from both income and capital gains tax, which could increase whether it's a Labour or Conservative government.
Even if you don't want to invest you can still make use of your ISA allowance by investing your money in cash. Remember once this tax year ends you will have lost this year's allowance for good and can only make use of the allowance available in future years.
How can we help you?
At Investor Profile we offer an online Stocks and Shares ISA for easier ongoing management.
The benefits you can enjoy with Investor Profile include:
- Complete online management for less paperwork and hassle
- Invest online in minutes with your debit card
- Buy, sell and switch online quickly and easily
- More money for you with our 100% commission rebate
- Transfer your existing plans to consolidate and simplify
Why Investor Profile?
More about ISAs...
An ISA is a wrapper that you can use to protect your investments from the taxman. Any gains you make on investments within the ISA are free of capital gains tax and any savings are free of income tax.
As a nation it feels like we get taxed on just about everything we do. So if there is any way to avoid paying tax on your savings and investments you should probably make the most of it.
Each financial year (6th April to 5th April the next year) you are given an allowance of £10,200. You can choose whether to use this or not. Once the year ends however, you can’t use the previous year’s allowance so it’s important to make the most of it while you can.
For a Cash ISA there are a range of providers (usually banks and building societies) that can offer good terms and rates of interest.
For a Stocks and Shares ISA you can invest in funds that suit your needs and although generally considered a more long term investment you can access the money any time you need to. Although there are various methods of investing, an online ISA can give you the control and flexibility you need to make the right choices at the right time.
As of 6th April 2010 you can invest a total of £10,200 each tax year into an ISA if you are a UK resident aged 18 or over.
There are only two types of ISA – a Cash ISA and a Stocks and Shares ISA.
You can save up to £5,100 in to a Cash ISA each tax year.
Or, you can invest up to £10,200 in to a Stocks and Shares ISA each tax year.
The overall limit is £10,200 and as long as this is not exceeded you could open a Cash ISA and Stocks and Shares ISA in the same tax year, keeping within the limits detailed above.
So for example, you could invest £4,000 in a Cash ISA and £6,200 in a Stocks and Shares ISA.
All PEPs are now Stocks and Shares ISAs.
All Mini Cash ISAs, TESSA-only ISAs, and the cash component of Stocks and Shares ISAs from before April 2008 have become Cash ISAs.
ISAs can only be held individually and cannot be held as a joint account, and account holders must be 18 or over (16 or over if you are only investing in a Cash ISA), and a UK resident.
Why Investor Profile?
Tax levels, bases or reliefs referred to are those currently applying but are subject to change. The tax treatment of investments will depend on the individual circumstances of the investor.
