Individual savings accounts (ISAs) provide a rare opportunity for UK investors to shelter their savings from the taxman. For every pound invested, you pay no tax on any capital gains or income generated by your investments. You can invest up to £20,000 in the 2023/24 tax year in cash and/or stocks and shares.
As time can fly by, however, you should take action as soon as possible to use this year’s allowance, or you could lose it for good. Please note the exact tax benefits of ISAs will vary, depending on your circumstances and the assets in which you invest.
