Isa’s and Investment Management
The recent budget declared future changes to the Isa allowances.
In future, allowances are to be enhanced every year by inflation. This is a tremendous benefit, as every yr the amount you will be able to contribute into tax efficient savings will go up.
For a married couple this means that they are able to invest up to £20,400 into Individual Savings Accounts.
If however you are considering using your cash Individual Savings Account allowance then the upper limit amount you can contribute is £10,200.
Where you contribute is just as critical as the benefits of contributing into a tax effective investment.
Each saver in conjunction with their independent advisor should check their attitude to investing. It is important to verify that your current investment funds meet their aims. You should also ascertain on a quarterly basis to determine that the amount of risk has not changed since the investment funds were purchased.
1 method of exercising this is to use a model portfolio of investments. This will allow for investors to invest in a risk controlled way and rebalance the investments on a annual basis.
If you would like to find out more about model portfolios, Isa’s and how to invest in a prudent way why not contact us?
Consilium Asset Management Limited provide will writing in Bristol.
