28th April 2010
Individual Savings Accounts and Investment Management
The last annual budget announced potential changes to the Isa allowances.
In future, contributions are to be increased every yr by cost of living. This is a wonderful gain, as each year the amount of money you will be capable to invest into tax effective savings will increase.
For a couple that are married this means that they would be able to invest up to £20,400 into Isa.
If however you are considering using your cash Individual Savings Account allowance then the maximum amount you can contribute is £10,200.
Where you contribute is just as essential as the benefits of contributing into a tax efficient investment fund.
Each saver in conjunction with their independent financial adviser should determine their attitude to investing. It is important to ascertain that your current investment funds meet their objectives. You should also ascertain on a regular basis to ensure that the amount of risk has not changed since the investment funds were bought.
One way of managing this is to use a model portfolio of investments. This will allow for investors to purchase in a risk controlled way and rebalance the portfolio of investments on a regular basis.
If you would like to find out more about model portfolios, Isa’s and how to invest in a prudential way why not get hold of us?
Consilium Asset Management Limited provide financial advice in Bristol.
