Andrew Regan is a freelance online journalist.
When it comes to investing your money, earning and saving are top priorities. And the money you invest is likely to have already been subjected to income tax- so why would you allow your accrued investment interest to be cut by taxes yet again?
The truth is, you don't have to. That's because there is a safe, simple and flexible way to invest without losing a portion of your hard-earned savings to taxes: ISAs, or Individual Savings Accounts. An ISA is a tax-privileged savings account that's designed to effectively help you earn from your savings - which means that the whole amount you place in the savings account is subject to accumulate entirely tax-free interest. Investing your money in a cash ISA gives you the opportunity to save thousands of pounds a year without paying UK Income Tax on the interest you earn. And with the right ISA provider, you'll also benefit from a highly competitive rate of interest and the convenience of managing your account in person, by phone or online.
With the end of the tax year approaching, many people will begin to consider investing in ISAs. So what are top investment features to look for? It's important to keep in mind that the best cash ISAs on the market are those which are flexible, easily accessible and offer the most competitive tax-free variable interest rates.
If you're considering investing in an ISA, you'll find various financial institutions, like National Savings and Investments, which can provide a range of flexible and high interest ISA account options - from cash ISAs to ISA investments in stocks and shares. You can even gain access to a comprehensive investor's guide online, explaining ISA product options, associated interest rates and expected tax-free savings.
ISAs are a great way to build your savings without having to pay taxes on your earned interest; and you can take advantage of the highest tax-free rates available to optimise your earnings. Moreover, any taxpayer aged 16 or over is eligible to start an ISA account with as little as £10 - so saving can begin early.
The income you receive from working has already been taxed once. So why let yourself be taxed on the interest earned by the savings you manage to put away? Simply invest in an ISA, and start to benefit from the money you invest.
- Related Videos
- Related Articles
- Ask / Related Q&A
Secret of Setting Exits in Trading
By: Taro Hideyoshi | 15/11/2009The secret of exiting a trade for professionals is to plan their exits. Before entering a trade, professionals set their specific target and stop price levels. While beginners keep searching for entries.
AN ANALAYSIS OF INNOVATIVE INSTRUMENTS OF RAISING FINANCE BY LISTED INDIAN COMPANY
By: Nidheesh K B | 15/11/2009The innovative instruments have the potential to help Indian companies to overcome the severe financing constraints they have been experiencing over a long period of time. Companies are doing every thing to tap available financial resources through the use of old and innovative instruments and the process will continue indefinetly.Companies in their pursuit of reducing the cost of capital, put a premium on such instrument which will help in achieving such an objectives.
Become a Day Trader Online
By: Leonard Rice | 15/11/2009Starting out as a Daytrader is usually not easy. Luckily, there are plenty of tips out there that make it easy for the begginer trader to get started. Remembering not to spend all your money in one place will definitely protect you from the big losses. If you use all your investment capital in one big gamble, where does that leave you? Know what you're buying. When you have a good handle on what you're buying, you'll be in a much better place. Never hesitate to ask a pro. Alot of...
Become A Day Trader - The Process
By: Grant Houston | 15/11/2009Getting started in trading can be a bit daunting, but the rewards are well worth it. With the right knowledge, it's alot easier than you think. Getting started small is one of the most important things a beginner can do. If you use all your investment capital in one big gamble, where does that leave you? Make sure you do your research. When you have a good handle on what you're buying, you'll be in a much better place. Don't be afraid to take advice from someone more seasoned. Pl...
Become A Day Trader - The Process
By: Grant Houston | 14/11/2009Getting started in trading can be a bit daunting, but the rewards are well worth it. Luckily, there are plenty of tips out there that make it easy for the begginer trader to get started. Getting started small is one of the most important things a beginner can do. If you use all your investment capital in one big gamble, where does that leave you? Make sure you do your research. If you know what your getting into when buying a stock, it's more like making a sound investment rather th...
Making A Living Trading From Home
By: Jean Carver | 14/11/2009In case you didn't know, it's easily possible to earn a full-time living just by trading stocks from your own home. Not only that, but it's also easier than making money by almost any other way. There a few things you need to know first but after that you could start right away. All you have to know how to do is to find the tops and bottoms in your trades, and all the rest is history. I know it sounds obvious, but if you want to make money from home, it only makes sense to find t...
Trading Stocks From Home - Knowledge is Wealth
By: Moises Barnett | 14/11/2009In case you didn't know, it's easily possible to earn a full-time living just by trading stocks from your own home. Not only that, but it's also easier than making money by almost any other way. There a few things you need to know first but after that you could start right away. If all you had to do to make money from home was know which stocks to pick and when to sell them, the rest is just an easy matter of getting an online account, and making your trades. I know it sounds obvi...
Making A Living Trading From Home
By: Glen Craig | 14/11/2009In case you didn't know, it's easily possible to earn a full-time living just by trading stocks from your own home. Not only that, but it's also easier than making money by almost any other way. There a few things you need to know first but after that you could start right away. Consider all this for a few minutes and you'll start to see the bigger picture very clearly, as the light had just been turned on. All you have to know how to do is to find the tops and bottoms in your trad...
Money For Mobiles: How To Cash In Whilst Protecting The Environment
By: andrew.regan.2006@googlemail.com | 06/03/2009 | Cell PhonesWhilst we may be used to living in a ‘throw away’ society, attitudes are changing due to emerging environmental concerns. Mobile phone trade in initiatives are just one of the measures in place to help minimise our impact on the environment.
Finding The Best Car Insurance
By: andrew.regan.2006@googlemail.com | 06/03/2009 | AutomotiveThere is much to take into consideration when you are looking to purchase car insurance, but from taking the time to research the market then it is possible to find the best deal suitable for your circumstances.
Is It Possible To Find A Reliable Personal Injury Solicitor?
By: andrew.regan.2006@googlemail.com | 06/03/2009 | Personal InjuryThe case of the two solicitors who profited from sick miners displays the corruption that can be involved within the industry; however, it is still possible to find trustworthy personal injury solicitors.
India Calling After Slumdog Millionaire Success
By: andrew.regan.2006@googlemail.com | 06/03/2009 | DestinationsAfter scooping an amazing eight Oscars, Slumdog Millionaire is opening people’s eyes to travel in India.
What To Look For When Shopping For A Pvr Service
By: andrew.regan.2006@googlemail.com | 06/03/2009 | ElectronicsWith so many personal video recording services on offer in the UK, choosing a suitable service could prove confusing or difficult. But if you know what to look for, you’ll find the right PVR service for your home in no time.
The Benefits Of Using Diesel Fuel
By: andrew.regan.2006@googlemail.com | 06/03/2009 | CarsOnce vilified for being highly polluting, diesel has re-emerged as a high performance fuel, and many car manufacturers are now producing vehicles with engines designed to make the most of diesel power.
Savers Can Find Good Deals With Fixed Rate Cash Isas
By: andrew.regan.2006@googlemail.com | 05/03/2009 | Personal FinanceIn recent times the Bank of England has reduced its interest rates, meaning savers may find a better deal by switching to a Fixed Rate Cash ISA.
Learn More About Liposuction
By: andrew.regan.2006@googlemail.com | 05/03/2009 | Plastic SurgeriesIf you have been watching what you eat and working hard in the gym to remove unwanted weight but seem to be getting nowhere fast, liposuction and body shaping may be the helping hand you have been dreaming of.