Welcome to the new tax year! A Focus on ISAs…

Posted on April 13, 2017

Well, it has come around again and after an extremely busy couple of weeks in the office, the new tax year has arrived, bringing with it good news for savers! The new limit for ISAs for the tax year 2017/18 has now increased to a generous £20,000 with the Junior ISA (JISA) limit increasing to £4,128.

We had a number of clients opening new ISA policies and topping up their ISAs in the last few hours before the end of the tax year so that they didn’t miss out on their tax-free allowance.

Our Investment ISA bonuses are calculated daily and added monthly, so could be working harder for you over the next year, the sooner you pay it in, the more bonuses it could accrue!

Asset Allocation

Asset Allocation

Not interested in a stocks & shares ISA?

Whilst our Investment ISA is classed as a stocks and shares ISA, only around a quarter of our with-profits fund is invested on the stock market – providing a low-medium risk investment but with greater potential returns than a cash ISA. And with interest rates set to remain at a all time low, people are looking for alternative ways to invest their hard earned cash.

ur Investment ISA has returned 18.15%* after charges over the past 5 years this combined with the fact that ourFSCS_Badge_-_High_Res members are protected by the Financial Services Compensation Scheme for up to 100% of the value of the claim with no upper limit, is proving very attractive to members all over the UK.

Find out more about our Investment ISA / Junior ISA and our other tax-free savings plans in our short video guide:

*after charges from 6th April 2012 – 6 April 2017 – Based on a bonus rate of 5% in 2012/13, 5.5% in 2013/14, 5.5% in 2014/15, 5% in 2015/16 and 4.75% in 2016/17.

Past performance is not a guide to the future.

Tax treatment depends on your individual circumstances, and may be subject to change in the future

Bonuses are not Guaranteed

If you withdraw from or transfer your ISA during adverse investment conditions you may, in certain circumstances, get back less than you invested.

THIS BLOG PROVIDES GENERIC INFORMATION AND OPINIONS OF THE WRITER AND SHOULD NOT BE RELIED UPON FOR MAKING INVESTMENT DECISIONS. NO ADVICE HAS BEEN PROVIDED BY SHEFFIELD MUTUAL. IF YOU ARE IN ANY DOUBT AS TO WHETHER A SAVINGS OR INVESTMENT PLAN IS SUITABLE FOR YOU, YOU SHOULD CONSIDER CONTACTING A FINANCIAL ADVISER FOR ADVICE. IF YOU DO NOT HAVE A FINANCIAL ADVISER, YOU CAN GET DETAILS OF LOCAL FINANCIAL ADVISERS BY VISITING WWW.UNBIASED.CO.UK. or WWW.VOUCHEDFOR.CO.UK ADVISERS MAY CHARGE FOR PROVIDING SUCH ADVICE AND SHOULD CONFIRM ANY COSTS BEFOREHAND. ANY REFERENCE TO TAXATION IS BASED ON THE WRITER’S UNDERSTANDING OF CURRENT TAX LEGISLATION AND PRACTICE, WHICH COULD CHANGE IN THE FUTURE.

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