Industry Insider: Thoughts from the investment coalface
Read Darius' columns below:
- How the global financial crisis could help you pay off half your mortgage - Believe it or not, it is now more than eight years since the Bank of England reduced interest rates to emergency levels.
- Where are Isa investors putting their money in 2017? - Individual savings account (Isa) investment trends so far this year have a familiar feel. UK investors have traditionally preferred to invest their money in UK companies.
- Three funds to profit from a new US President - Following the inauguration of Donald Trump, Andy Parsons, head of investments at The Share Centre, believes three funds could reward investors over the long term regardless of the President Elect’s time in office.
Invidivual Savings Accounts were introduced on 6 April 1999 to replace personal equity plans (PEPs) and tax-exempt special savings accounts (TESSAs) with one plan that covered both stockmarket and savings products, the returns from which are tax-exempt. The ISA is not in itself an investment product. Rather, it’s a tax-free “wrapper” in which you place investments and savings up to a specified annual allowance where the returns (capital growth, dividends, interest) are tax-exempt (you don’t have to declare ISAs and their contents on your tax return). However, any dividends are taxed within the investment, and that can’t be reclaimed.