An ISA, or Individual Savings Account, is a tax efficient savings plan. You can wrap it around an investment and any gains that the investment realises become protected from the taxman.
There are two types of ISA, the Stocks and Shares ISA and the Cash ISA. The amount that you can invest in an ISA in any once tax year is £10,200. You can invest the full amount in a stocks and shares ISA or you can invest half of your allowance (£5,100) in a Cash ISA and then the balance can then be invested in a Stocks and Shares ISA.
The most tax-efficient way of investing in any of the trusts available on Witan Wealthbuilder is within an ISA. The ISA wrapper allows you to protect any capital growth that you make from capital gains tax. For higher rate tax payers there is also an income tax benefit in that dividend income within an ISA is paid net of basic tax, higher rate tax payers do not have to pay the additional 18% because ISAs do not have to be declared to the Inland Revenue.
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Please remember that past performance is not a guide to future performance. Witan Investment Trust and Witan Pacific Investment Trust are equity investments. The value of an investment and the income from it can fall as well as rise as a result of currency and market fluctuations and you may not get back the amount originally invested. Issued and approved by Witan Investment Services Limited. Witan Investment Services Limited is registered in England no. 5272533 of 201 Bishopgate, London EC2M 3AE. The VAT registration number for Witan Investment Services Limited is 863 5738 89. Witan Investment Services Limited provides investment products and services and is authorised and regulated by the Financial Services Authority. We may record telephone calls for our mutual protection and to improve customer service.
