Ethical Stocks and Shares ISAs are now easier than ever to set up.
Your ISA (Individual Savings Account) is merely a tax efficient ‘wrapper’ for your investments.
Your choice of investments are held within the ISA and we give you access to a range of carefully selected ethical funds and portfolios you can include in your ISA.
The ISA provides a tax efficient environment for your investment to grow because you don’t have to pay any Income Tax or Capital Gains Tax on the growth in a stocks and shares ISA.
We don’t currently advise on cash ISAs but we can help you align your stocks & shares ISA with your beliefs, using the wide range of ethical options we have available.
Make your ISA Ethical
Whether starting a new ethical ISA or transferring existing ISAs into ethical investments, both begin with us helping you understand the ethical options available.
Different ethical approaches exist to cater for people’s varying views on what makes an investment ethical, the different outcomes they would like to achieve and the issues they would like to see addressed.
Understanding the options that exist will make it easier for you to find the investing approach that best matches your ethical views
Your investment can then be placed in the appropriate fund or portfolio and held within the tax efficient environment of your ISA.
Making best use of your ISA(s):
Besides being one of the most effective ways to save tax they are also simple, straightforward and flexible.
Here are just 5 helpful ways to make the best use of your ISAs.
- Use your annual allowance. This may seem obvious but if you don’t use it you lose it. Any unused allowance can’t be carried over to the next year and because of the tax advantages of ISAs it makes sense to make full use of them if possible.
- You don’t have to contribute in one lump sum. Regular saving can take advantage of when markets dip and some stocks and shares can be bought when prices are low.
- Simplify your savings. Unlike other accounts, ISA gains do not need to be declared on a tax return. If the majority of your savings are tucked up in ISAs there’s less to think about at the end of the Tax Year.
- Inter-spousal estate planning. It is now possible to transfer ISAs to a surviving spouse or civil partner on death. Since 2015 it has been possible for a spouse or civil partner to ‘inherit’ the tax benefits.
- Regular reviews can maximise your ISA potential. If your stocks and shares ISA investments are not performing as well as they could or are no longer aligned to your risk preference then don’t rely on hope. Regular reviews can keep things on track.
ISAs are a useful financial planning tool and can be put to work in your favour with the right approach and understanding.
The 2018/2019 annual ISA allowance is £20,000 which, can be spread between a selection of cash or stocks & shares ISAs.
Get in touch and discuss your ethical ISA options.