ISA advice

Farrell Financial Planning provide ISA advice as part of our investment advice service. It is crucially important to take independent financial advice when considering any investment, including ISAs.

What is an ISA?

ISAs (Individual Savings Accounts) are tax efficient investments available to UK resident individuals.

ISAs are not available to companies and cannot be held in trust.

How much can I invest in an ISA?

The ISA annual investment allowance is £20,000 for tax year 2024/25.

How can my ISA invest?

Since 1st July 2014 you have had the option to either invest:

• 100% of your ISA allowance in a stocks and shares ISA.
• 100% of your ISA allowance in a cash ISA.
• Part of your ISA allowance in a stocks and shares ISA and part in a cash ISA.

You also have the option to transfer:

• From a stocks and shares ISA into a cash ISA.
• From a cash ISA into a stocks and shares ISA.

Who can invest in a cash ISA?

UK residents age 16 and over can invest in cash ISAs.

Who can invest in a stocks & shares ISA?

UK residents age 18 and over can invest in stocks & shares ISAs.

Contact us for more information and find out how our independent investment advice on ISAs and other investments can help get your money working harder for you.

Like all investments ISAs may not be suitable for all investors and their value can fluctuate and go down, so you may get back less than you paid in.

All information is based on Farrell Financial Planning’s understanding of UK law & HMRC practice in the UK. Tax and legislation are subject to change.

Contributions towards a lifetime ISA will also count towards your ISA allowance.