Cash ISAs, or Individual Savings Accounts, offer tax free cash savings. You can have more than one ISA, but you cannot invest more than £20,000 into cash ISAs during the course of any one year.
If you’re a UK tax-payer, you haven’t used your ISA allowance for this year, and are over 18, you can invest up to £20,000 tax-free in a stocks and shares ISA. You invest in a fund, and the fund manager invests in a wide range of investments on your behalf, helping to spread your risk. You benefit from the fund manager's experience, but you will have to pay the charges levied by the fund.
Making ethical investments for children is a way of introducing them to a new way of thinking at an early age. These accounts are designed specifically for children under 18, and are tax free.
Ethex offers three types of ISA - Cash ISAs, Stocks and Shares ISAs and our own Innovative Finance ISA. These products enable you to save up to £20,000 in any tax year, whilst also benefitting from interest payments free of tax. You can also split your investment between different types of ISA providing you stay within your yearly limit.