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NISA's

Professional advice is available for existing ISA's and the New Individual Savings Account (NISA)

A ISA can be used to invest without paying any tax on any growth or interest.

NISA’S where introduced on the 1st of July 2014 previously known as an ISA which have been available since 6th of April 1999. 

The ISA will be around for the foreseeable future.

You have the flexibility of starting with a small amount and building up to £20,000 in the tax year 2018/2019 e tax year runs from 6th of April to 5th of April the following year.  Also the £20,000 may alter in future tax years.

They are two kinds of ISA Cash and Stocks & Shares.  In each tax year you can contribute to £20,000 in either or in both.

Cash IISA’S are normally suitable for your short term needs, as you can normally access this money quickly.

Stocks & Shares ISA’S may be appropriate for you if you are looking for a medium to long term investment 5 years plus.  However you must be aware that the investment in a Stocks and Shares ISA may go down as well as up and your growth has no guaranteed growth.

You can open cash ISA from the age of 16 and a Stocks & Shares ISA from the age of 18.

To be eligible to have a ISA you must be a resident in UK for tax purposes or a crown employee who is working overseas but is paid by the government.  The spouse or civil partner of one of these above can also open a ISA.

IT IS VERY IMPORTANT TO TAKE ADVICE ON INVESTMENT PLANNING.   OUR SPECIALISTS IN INVESTMENT PLANNING HAVE CLIENTS ACROSS NORTH YORKSHIRE, CLEVELAND; CO DURHAM: TEESSIDE, YORK AND HARROGATE. WE PROVIDE YOU WITH JARGON FREE ADVICE.

OUR SPECIALISTS IN INVESTMENT PLANNING OFFER ADVICE THROUGHOUT MIDDLESBROUGH,NUNTHORPE;MARTON: STOCKTON ON TEES; STOKESLEY: RICHMOND, GREAT AYTON; HARTLEPOOL,RICHMOND: RIPON,DURHAM;REDCAR:MARSKE:SALTBURN ,THIRSK;RICHMOND AND  WHITBY.  OUR PENSION EXPERTS CAN OFFER APPOINTMENTS AT YOUR HOME, YOUR PLACE OF WORK OR AT OUR OFFICES.

Contact Chris Johnson DipFA or Ed Randall for further details on 01642659500

or email chris.ayton-law@ntlbusiness.com or ed.ayton-law@ntlbusiness.com

WITH A STOCKS & SHARES ISA THE VALUE OF INVESTMENTS AND INCOME FROM THEM MAY GO DOWN.  YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.

TAX TREATMENT IS BASED ON INDIVIDUAL CIRCUMSTANCES AND MAY BE SUBJECT TO CHANGE IN THE FUTURE

INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM TAXATION, ARE SUBJECT TO CHANGE.