Medical Family Finance is your helping hand through life's challenging financial landscape
ISAs are an excellent way for medical professionals to shield more of their income from tax and the annual ISA limit is currently £20,000.
There are several types of ISAs for adults, including cash / stocks and shares / lifetime – so the field is becoming as complex as pensions.
ISAs differ in their performance abilities and whether you can withdraw or replace funds. You cannot carry any unused allowance over to a new tax year – the allowance resets on 6th April every year.
Our advisers can help to ensure you are making the most of your tax-free savings opportunities.
The value of pensions and investments and the income they produce can fall as well as rise, you may get back less than you invested.
For ISA’s Investors do not pay any personal tax on income or gains but ISAs do pay unrecoverable tax on income from stocks and shares received by the ISA manager.
Tax treatment varies according to individual circumstances and is subject to change.
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