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Opentrain Share Tips |
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ISA'sIs it worth investing in ISAs?ISAs give valuable protection from tax – every year you can invest up to £7,000 in ISAs and there will be no income or capital gains tax for you to pay on your returns. This will help you enjoy the full benefit of any growth your investment achieves over the years. There are two types of ISA – Maxi and Mini. With a Maxi ISA you can invest your full £7,000 in stocks and shares or keep up to £3,000 of your allowance in cash. Alternatively you can invest up to £3,000 in a Mini Cash ISA and up to £4,000 in a Mini Stocks and Shares ISA. You cannot open two of the same type of ISA or have both a Maxi ISA and a Mini ISA in the same tax year. Whether or not you are eligible to invest in an ISA, and how much the tax savings are worth to you, will depend on your particular circumstances. You should also remember that future governments may change the tax rules. |
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Introduction
tutorial for the individual self-investor. Useful hints and tips
beginning your first venture into trusts / shares. |
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