Investing money needs careful consideration and you need to be absolutely sure of the risks involved. This section provides generic information on different types of saving & investment. You should seek advice appropriate to your specific circumstances prior to making any decisions.
Different types of asset-backed investments include:
There are various deposit-based investment vehicles available in the marketplace. Many customers will have money on deposit either with a bank or building society.
There are five main types of ISA – cash ISAs, Help to Buy ISAs, innovative finance ISAs, stocks & shares ISAs and Lifetime ISAs.
Under the so-called 'New ISA' (or NISA), Cash ISAs and Stocks and Shares ISAs have effectively been merged, with the overall combined limit in 2019/20 at £20,000.
There are also EIS and VCT’s offering high tax incentives for perhaps those with a high-risk appetite.
The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.
Tax treatment varies according to individual circumstances and is subject to change.
Investors do not pay any personal tax on income or gains, but ISAs do pay tax on income from stocks and shares within the funds.
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