<\/p>\n
Whether you\u2019re a novice or an experienced saver, we can help you get the most from your 2019\/20 ISA allowance.<\/p>\n
Tax year deadline is 5 April 2020<\/strong> You can split the ISA allowance across different types of ISA, but you can only add money to one ISA of each type in a tax year.<\/p>\n What are your ISA options?<\/strong> Lifetime ISA \u2013<\/strong> a type of Cash or Stocks & Shares ISA available to the under 40s since 6 April 2017, designed to help people save for their first home or their retirement. Any interest received or investment growth is tax-efficient. Savings of up to \u00a34,000 per year will be matched by a contribution of up to \u00a31,000 from the Government; any savings above that amount will not receive any additional bonus. You can continue paying into a Lifetime ISA until you are 50. Maximise your wealth creation \u2013 don\u2019t miss the deadline Whatever you\u2019re putting money aside for, there\u2019s likely to be a role for Individual Saving Accounts, or \u2018ISAs\u2019. An ISA is a way of holding savings or investments without paying personal tax on interest received or on the growth of your investment.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts\/2947"}],"collection":[{"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/comments?post=2947"}],"version-history":[{"count":0,"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts\/2947\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/media?parent=2947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/categories?post=2947"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/tags?post=2947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEach year, you have an ISA allowance which, if fully utilised, can have a big impact over time. ISA allowances can\u2019t be rolled over to the next tax year. If you don\u2019t use your 2019\/20 ISA allowance by 5 April 2020, it\u2019ll be gone for good. For the 2019\/20 tax year, the ISA allowance is \u00a320,000.<\/p>\n
\nCash ISA \u2013<\/strong> a type of savings account, where any interest received is tax-free.
\nStocks & Shares ISA \u2013<\/strong> a \u2018wrapper\u2019 for investments, where any investment growth is tax-efficient.
\nInnovative Finance ISA \u2013<\/strong> a \u2018wrapper\u2019 specifically for peer-to-peer investments, where any interest received is tax-efficient.
\nHelp to Buy ISA \u2013 a regular savings Cash ISA, where the Government will add up to \u00a33,000 if you have contributed \u00a312,000 yourself (these closed to new savers on 30 November 2019).<\/p>\n
\nJunior ISA \u2013<\/strong> a type of Cash ISA where parents can save up to \u00a34,368 per year tax-efficiently for the child. The child gains access to the money at the age of 16, and the account becomes a standard cash ISA at the age of 18
\nInheritance ISA \u2013<\/strong> a Cash ISA specifically for widows, widowers or bereaved civil partners, where the deceased\u2019s ISA can be transferred across into the surviving partner\u2019s name, in addition to their own annual allowance.\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"