What is an ISA?
An ISA (or Individual Savings Account) is an easily accessible way of saving, free from Capital Gains or Income Tax. You can invest your ISA allowance into a variety of Funds, Shares, Investment Trusts and ETFs.
The Willis Owen ISA is a flexible ISA, which means you are able to withdraw money and repay this amount (within the same tax year), without it reducing your ISA allowance.
How much can you save?
You can start investing from as little as £25, either as a lump sum or through regular monthly investing. However, there's a limit on how much money you can pay into an ISA every year. For
2018/19 the ISA allowance is £20,000. Remember, the value of investments can go down as well as up, so there's always the chance you'll get back less than you invest.
The two types of ISA:
Stocks & Shares ISA
At Willis Owen we only offer Stocks & Shares ISAs. Read on to see if our ISAs are right for you, and take a look at the key features of Stocks & Shares ISAs and Cash ISAs.
Is an ISA right for you?
Right for you if:
You want tax-free Income and Capital Gains
You're comfortable with the risk involved
You're over 18 and a UK resident (for under 18's, see Junior ISAs
Wrong for you if:
You're uncomfortable with any market volatility
You need your money in the short term
You're not a UK Resident
If you still have questions, take a look at our ISA frequently asked questions.