Important information: Stocks and shares 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.
A stocks and shares ISA is a tax-efficient investment account where you can invest in a portfolio of shares, bonds, and other investments. The main benefit is that any growth or income generated within the ISA is tax free, which can enhance the rate of growth over the long term.
Capital at risk. ISA rules apply.
Holistic planning
We work with you to create a comprehensive investment strategy (which can include your stocks and shares ISA as well as other invested assets, for example, pensions) that aligns with your overall financial goals. This ensures your ISA assets form part of your wider wealth management strategy.
Short-term goals
Unlike pensions, there is no minimum age at which funds within an ISA can be accessed. Utilising these tax-efficient products enables you to grow your savings to help meet goals that may need to be met prior to retirement, for example, a house deposit, school fees, or paying off a mortgage.
Tax-efficient income planning
Did you know, withdrawals from ISAs are not subject to income tax? Therefore, a sustainable withdrawal plan can help you meet your income goals tax efficiently. At Mattioli Woods, this is where, for the right clients, we consider an ‘income-generating’ portfolio. Dividends and interest from such a portfolio can provide a regular source of tax-free income, without needing to sell units in your portfolio.
This could be as a cash ISA or stocks & shares ISA, or a blend of the two! Capital at risk.
SPEAK TO AN ADVISER
Yes, any UK resident aged 18 or over can open a stocks and shares ISA.
The ISA allowance for 2024/25 is £20,000 per individual.
As of the 2024/25 tax year, you can now open more than one stocks and shares ISA in the same year, providing you do not exceed your overall ISA allowance of £20,000 (cash, and stocks and shares).
Yes, you can withdraw money from your stocks and shares ISA at any time. However, doing so may impact your future ISA contributions. For example, if you have maximised your £20,000 allowance this tax year, and then withdraw £10,000, you will not be able to add this money back in during the tax year. That is unless the ISA is a ‘flexi-ISA’, meaning that you can replace any withdrawals without impacting your allowance, providing the withdrawal and replacement are done in the same tax year. Remember, investments are intended to be held for 5 years+, so selling them early to make a temporary withdrawal could cause capital losses.
Get ahead with exciting updates, trends, and expert insights for your personal and professional life. Read more to experience the thrill of being at the forefront.
