Important information: Individual Savings Accounts (ISAs)
As with all investments, your capital is at risk. The value of your investments and the income from them may fall or rise. Past performance is not a guide to future returns. Eligibility and ISA rules apply. Tax treatment depends on an individual’s circumstances and can change. This content is for information only and does not constitute advice.
Mattioli Woods Limited is authorised and regulated by the Financial Conduct Authority.
ISAs can be as simple or as complex as you make them. While there are several types of ISAs, the more popular choices are investing in cash, stocks & shares, or a blend of both. Depending on your risk profile and whether you use your allowance, you could soon build up your ISA, potentially joining one of over 4,000 ISA millionaires in this country.
For example, £20,000 in an ISA achieving a 5% net return each year equates to £1,000 tax free, whereas a £200,000 ISA pot achieving 5% net per year would equate to £10,000 a year tax free*.
*All figures are for illustration purposes
It’s important to invest in your younger ones’ futures too. A Junior ISA (JISA) has an annual allowance of £9,000, with the money belonging to the child until their 18th birthday, when they can convert it into an adult ISA or withdraw the money.
Capital at risk. ISA rules apply.
At Mattioli Woods, we’re committed to empowering you with knowledge and options that best suit your individual needs. That’s why we’re exploring two key components of a robust financial plan: Individual Savings Accounts (ISAs) and pensions.
This could be as a cash ISA or stocks & shares ISA, or a blend of the two! Capital at risk.
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ISAs are wrappers in which cash and some forms of investment can be held and where returns are accrued free of tax. Any withdrawals from ISAs, whether capital or natural income, are also tax free.
Each individual has an allowance of up to £20,000 for the 2024/25 tax year. This means couples could potentially save up to £40,000 per tax year.
A JISA enables you to save up to £9,000 for the 2024/25 tax year. The main feature is that the money belongs to the child, not the person putting the money in, with withdrawals only able to take place once they have turned 18.
Cash and stocks & shares ISAs are very similar in that an individual can invest £20,000 per tax year. However, the differentiating factor is that if you prefer to keep your funds in cash, a cash ISA is for you. But if you want to invest in other asset classes such as equities or fixed interest, you should consider a stocks & shares ISA.
Yes, Mattioli Woods works with Pershing Securities Limited to provide the platform for a stocks & shares ISA. We can then provide a bespoke advised investment solution to potentially manage your ISA alongside assets such as your pension to provide a holistic approach.
As long as the transfer takes place between two ISAs then no, your allowance is not used. The only time this would happen is if you transfer from an ISA to your personal bank account and then into a new ISA. This would be a new subscription.
Yes, most ISAs will offer this functionality; however, those with fixed term deposits in cash may not allow you to make multiple payments. It is always important to review the terms and conditions, as providers and arrangements vary.
No. Mattioli Woods does not offer a cash ISA.
The ISAs we open on the Pershing platform are Flexible ISAs, which give you the ability to remove funds from the ISA and replace them in the same tax year to the same arrangement without counting as new monies and impacting your £20,000 allowance. Not every ISA on the market is a Flexible ISA and therefore it is important to review the details before opening a new arrangement.
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