ISAs

Many people utilise their pension contributions to obtain their tax relief, but not every one uses their full £7,000 per year Individual Saving Account (ISA) limit that can provide a tax efficient savings vehicle for growth OR income. The Government declared that the £7,000 limit will be maintained until April 2006 and we therefore have a few more years to maximise these tax-efficient savings. You can invest into either a Maxi ISA i.e. up to £7,000 in an equity ISA or you can split it into three components of £3,000 Equity, £3,000 Cash & £1,000 Insurance, as Mini ISAs.

It is also possible to transfer an existing ISA or PEP (Personal Equity Plan), from one provider to another. If your existing provider does not meet you current needs or if, for example, you wish to go from a growth fund to an income fund.

ISAs allow you to take the proceeds as either lump sums or as income with NO TAX LIABILITY and can often be a boost to existing income or a pension, as they do not have to declared on a tax form.

Here at Lewkay Financial Services we provide you with the opportunity to manage your own investments on the internet by providing a direct route to the largest UK FUND SUPERMARKET. You can also use the traditional method of using us to look after any alterations/further investments/withdrawals that you request. The advantages of the FUND SUPERMARKET can be utilised via electronic or traditional means.

Click here to find out which providers are part of the biggest FUND SUPERMARKET in the UK.

Lewkay Financial Services can give you impartial advice. If you wish to know more about ISAs, or have any questions regarding investments / savings, please contact us via the questions section of our secure enquiry form. IT COSTS NOTHING TO ASK AND THERE IS NO OBLIGATION.

Lewkay Financial Services
3c Sopwith Crescent, Hurricane Way, Wickford SS11 8YU * Tel: 01268 762200 * FAX: 01268 762292

Authorised and regulated by the Financial Services Authority