Financial Advisers Individual Savings Account (ISA) Guide

The UK government introduced ISA’s on 6th April 1999 replacing the personal equity plan (PEP) and tax exempt special savings accounts. The maximum annual amount per individual per tax year is £20000.

High Net Worth

The relevant types to HNW are arguably Cash and Stocks and Shares (Equites) and Innovative finance (IFISA). Cash ISA are essentially cash based accounts,. Therefore suitable for an emergency cash fund and short-term investment. The disadvantage of these is that the rate of return is lower than the level of inflation.Therefore the buying power of the money is decreasing in real terms.

The advantages are that they are a low risk investment and the there is no CGT or income tax payable. HNWI should also utilize their spouses / partner income for Stocks and Shares. ISAs allow investors to purchase shares, listed on a recognized global stock exchange. Also units in UK unit trusts and open ended investment companies. They are suitable for  growth or income investment strategies. However, the investor should have the capacity for loss if the underlying investments fall in value.

Business Property Relief (BPR)

ISAs are subject to IHT. However, by using Business Property Relief (BPR) through investing in the Alternative Investment Market (AIM). It provides IHT exemption and also tax-free income. and growth. This utilises all of the benefits of an ISA wrapper. To achieve this the companies need to be BPR qualifying. They also need to have been held for a minimum of 2 years after death.Also they can be left to their beneficiaries free from any IHT liability. You can book a free financial and retirement planning review with one of our financial advisers.

What our clients say about us:

Stephen, Kent
Stephen, Kent
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James took the time to make sure he understood my circumstances before giving me some excellent advice on how I could maximize the tax efficiency of my investments and thus my retirement income.
John, London
John, London
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James was incredibly understanding about what goals I wanted to prioritize. The key, for me, was to have it explained in simple terms. This enabled me to take out the right personal protection and pension plan. Trust is probably the most important part of this process. I felt/feel confident that James helped me make the right plans to safeguard my family’s future.
Peter, Tunbridge Wells
Peter, Tunbridge Wells
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James was highly professional and set me up with an investment plan that fit my needs and risk appetite. 5 out of 5 Stars
Joseph, London
Joseph, London
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I had multiple pension pots from previous employers and was looking for advice on whether to consolidate these plans. James undertook an honest and detailed analysis of my policies allowing me to make a fully informed decision on the best way to proceed. Highly recommended.
Matthew, London
Matthew, London
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I was looking to set up a pension plan as I had been given a generous allowance from my company. James advised on product and fund selection tailored to my personal circumstances and attitude to risk. Once the correct product had been identified. He facilitated all areas of setup and continues to manage things moving forward. 5 out of 5 Stars
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HALCYON WEALTH LIMITED (Financial Conduct Authority No. 758949) is an appointed representative of Quilter Financial Planning Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Quilter Financial Planning Limited and Quilter Mortgage Planning Limited are entered on the FCA register under reference 440703 and 440718. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.