What is a cash ISA?
Cash Individual Savings Accounts are very simple. They’re available to UK residents aged at least...
In March, we asked FundCalibre investors a simple question: have you invested in an ISA this year?
The good news is that 70% said yes, which means that more than two thirds of you are taking advantage of the tax benefits that ISAs have to offer and saving to help meet your financial goals. Great stuff!!
Just over 15% said no. Hopefully, things might be different this tax year. If you’ve never invested before, don’t let that put you off; we have lots of tips and guides to help you get started. Try our 7 tips to help you build the perfect portfolio or our piece on how to choose a fund.
Lastly though, about the same number of respondents – 15% – said they were leaving their ISA investment to the last minute! While it’s great that you wanted to invest, next year we recommend not letting things get down to the wire – a small mistake could cost you your annual ISA allowance! If you’re not convinced, check out our managing director Darius McDermott’s piece for CityAM, we he offers six tips that can help you avoid disappointment with last-minute investing.
Instead, you may want to consider setting up a regular contribution now to make sure you do invest – or, if you’re lucky enough to have the spare cash, simply investing a lump sum at the start of the tax year.