Lucky 16 (and 17)?
The introduction of New Individual Savings Accounts (NISAs) & new higher limits for Junior ISAs (JISA)
The introduction of New Individual Savings Accounts (NISAs) on 1 July and the new higher limits for Junior ISAs (JISA) have created a curious anomaly.
16 and 17 year-olds now have an investment limit of £19,000 per tax year - £15,000 in a cash NISA and £4,000 in a JISA – more than any other age group. We can help should you need advice.
The value of tax reliefs depends on your individual circumstances. Tax laws can change. The value of your investment and the income from it can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.
The information in this article does not constitute advice and should be used for informational purposes only. This content has been provided to Helm Godfrey by Taxbriefs.