ISAs

ISAs are a tax-efficient and highly profitable option for those looking to save for the future. Since their introduction in 1999, ISAs have become increasingly flexible and beneficial, especially following enhancements in the Chancellor’s 2014 Budget.

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With the 2024/2025 ISA allowance set at £20,000, there’s never been a better time to invest. This generous allowance provides ample opportunity to grow your savings while enjoying significant tax advantages. 

Investing in an ISA is a smart choice, but selecting the right one can be complex and time-consuming. With numerous options and varying rates from different banks, it can be overwhelming to determine which ISA suits you best. At Michael Reed Wealth Management, I am committed to finding the ideal ISA for you, so you can enjoy the benefits. 

Types of ISAs: 

  • Cash ISAs: Standard instant access savings accounts. 

  • Help to Buy ISAs: Designed for first-time buyers to save. 

  • Innovative Finance ISAs: Used for peer-to-peer or business lending. 

  • Lifetime ISAs: Savings receive a 25% state bonus. 

  • Stocks & Shares ISAs: Investments managed by an adviser. 

Your ISA balance will grow annually, as will your dividends. However, investment ISAs come with risks, as their value can fluctuate. If you’re interested in a Stocks & Shares ISA, I will assess your risk tolerance before recommending options to ensure you feel secure about your financial future. 

Since the ISA allowance can be spread across multiple accounts, I will present a variety of investments and manage them to maximise gains. From opening an ISA and transferring funds to accessing your savings, you can trust that your ISAs are well-managed. 

During our initial consultation, I will explore your financial goals, desired access timeline, and risk level. My aim is to fully understand your financial situation and tailor an ISA that meets your personal needs 

 

To discuss how ISAs can benefit you financially, contact Michael Reed today.  

Looking for financial advice?

Contact me today for more information on my financial services. 

T: 01509 277746
M: 07702085589

E: [email protected]

 

Ratcliffe House, Leake Road,
Costock, Loughborough
Leicestershire
LE12 6XA