Over the years, many of us accumulate savings and investments, but it's common for us to overlook the most tax-efficient strategies to help them grow or to lose sight of the original purpose behind these funds.
Investing can feel overwhelming and risky, especially if you're unsure where your money is being placed or how it’s performing.
At JPA, we don’t gamble with our clients' money, and we don't try to outsmart the market. Instead, our strategy is grounded in evidence from the market itself, ensuring that our investors receive fair and consistent returns.
What is the ISA Allowance?
Your ISA allowance for the current tax year is £20,000. The tax year runs from the 6th April each year.
The Government sets the ISA limits and rules, so they can change. To be eligible for this tax-efficient allowance, you have to over the age of 18 years (16 for a Cash ISA), and a resident of the United Kingdom.
Each year you can split your total allowance in any way you like between a Cash ISA, Investment ISA and Innovative Finance ISA, and up to £4,000 of the limit in a Lifetime ISA.
You can’t carry any of your ISA allowance forward into the next tax year so, if you haven’t used your full allowance by the 5th April, you simply lose it.
What is a Bond?
Investment bonds are usually classed as single premium, non-qualifying (the policy does not benefit from the tax advantages available to qualifying policies), whole-of-life assurance policies. They can be held on a single or joint life basis.
Investment review service
We will advise you whether your funds, portfolio style, product type and product provider are still suitable for your needs.
We will compare it to the market place to confirm its continued suitability, whether any other products or providers in the market place would be more suitable for your needs.
Also, we will review your investment timeline, personal situation, attitude to risk, capacity for loss and any changes in your circumstances that may impact on the continued suitability.
