ISAs -We Help You Make The Most of Your 2013/14 ISA Allowance
Choose from a range of cash or Invest in Stocks and Shares in tax-efficient way by taking out an Individual Savings Account. We make tax-efficient saving easy to ensure you don’t lose out.
Have A Happy ISA Year?
Don’t be one of the countless thousands who miss out on using their tax-efficient allowance before 5th April.
Individual Saving Accounts otherwise known as ISAs provide you with the opportunity to make a generous tax free saving each year, as there are no deductions of capital gains tax or income tax on each return.
ISAs themselves are not an investment but instead a wrapper that allows you to save money without the hassle of losing profit to capital gains tax and income tax. It is free to open an Individual Savings Account and whatever you save over the year will be tax-free.
Even if you withdrew part of your funds, you will not pay tax on this amount. However, this is permanently discounted from your yearly allowance.
Call us FREE on 0800 614 997 or click the link to the right to discuss your ISA options
This year, 2013, sees us reach our 20 year anniversary. In all that time we’ve seen real changes in the financial market, but our core values have forever remained the same. Put simply, we’ve always striven to offer unbiased and objective financial advice, with a view to protecting and enhancing our client’s wealth and sense of well-being. Welcome to our conversation.
We stand for honesty – advice – trust and value. Our culture and people matter and promise you this, the team that makes Reid Scott work will be centred on you. Our team believe in treating clients like family, so you can be confident that we’ll give you the same advice we would give to our own relatives.
We believe in a “Get Rich Slowly” philosophy through a “passive investment” approach to purchasing investments. This we believe is the right choice for the majority of investors who are seeking more peace of mind, when looking to achieve sustained performance over the longer term.
Passive investment is the rational, mathematically proven route to investing success.
Our investment strategies are focused on your risk profile, well researched, efficient and low maintenance.
We look to keep your costs low through longer term appreciation, reduced maintenance and look to avoid unnecessary trading.
Ensure you are not over exposed at any time through wide diversification of your asset classes.
We provide regular reviews and rebalancing when required or on a 6 monthly or yearly basis.
If you are a higher rate taxpayer, an ISA is particularly valuable. If you received a £100 return on a dividend, you would have to pay £25.00 on income tax. However, if this money was invested in a tax efficient ISA, there would be no income tax to pay. This is worthwhile especially if your tax rate bracket is due to increase in the future, and there is no guarantee that the Government will not alter the current tax bands and force more people into a higher tax rate bracket in the future.
If you held bonds on your ISA, the generated income would be free of capital gains tax and income tax. This is especially useful if you decide to use your funds as an income source, perhaps as retirement looms. If you feel no current need to invest in bonds, you may want to rethink moving equity funds into bonds for the future, especially if you may need to withdraw an income or diminish the level of risk in your financial portfolio, as you grow closer to retirement.