Time has nearly run out to add to your tax-efficient ISA account for 2016/17. The deadline is at midnight tonight (Tuesday 5 April.)
If you don’t top up your ISA before deadline, any unused annal allowance will be lost, as it does not roll over to the next tax year.
How Much Can You Invest?
The current maximum amount that can be invested in your ISA account is £15,240. You cannot pay more than the allowance into an ISA, however the allowance can be split between different ISA accounts.
The ISA allowance will increase to £20,000 for the tax year 2017/18.
Benefits of Using up Your ISA Allowance
By using up your ISA allowance, you can help yourself achieve maximum tax efficiency for your investments. This is because, with an ISA, you do not pay any Capital Gains Tax or tax on any income generated, apart from dividends on ISA investments.
How Can You Top up Your ISA?
Topping up your ISA could not be easier as a client of True Potential:
- Using our first-of-its-kind impulseSave® technology, you can top up your ISA from as little as £1 anywhere. This can be done online or through our apps.
- The ‘Max My ISA’ feature, allows you to see exactly how much of your allowance you have left and invest it all with just one click.
Do not miss your last chance to take full advantage of the ISA allowance.