Best cash ISAPosted by Mangilal Goyal on March 30th, 2021 If you are searching for the best Cash ISA Rates in the UK then please check out our website Isa4me.com. Discover how to build an ISA strategy that mimics your risk appetite and why reinvesting matters. Click This Link here now:- https://isa4me.com/ ISA Investing Made Easy Discover how to build an ISA strategy that mimics your risk appetite and why reinvesting matters. Find out more by clicking the links below Boost Your Success ISAs are individual saving’s accounts on which you pay no tax for any income/interest accrued and any gains you benefit from are not subject to your personal savings allowance. For the year 2019/2020 the maximum you can put into an ISA is £20,000. The funds can invested across a range of ISA eligible categories. A Junior Cash ISA or Cash JISA is a savings plan introduced by the UK Government in 2011. A Cash JISA has the same tax benefits as a standard Cash ISA, meaning the interest accrued is tax free. A cash JISA also carries a marginally lower risk than a regular Cash ISA given the maximum allowable investment is smaller therefore less money at risk. Junior Cash ISA A Junior Cash ISA or Cash JISA is a savings plan introduced by the UK Government in 2011. A Cash JISA has the same tax benefits as a standard Cash ISA, meaning the interest accrued is tax free. A cash JISA also carries a marginally lower risk than a regular Cash ISA given the maximum allowable investment is smaller therefore less money at risk. A Cash JISA may be opened by a parent or guardian on behalf of their child so long as the child is under the age of 18. At the age of 16, the child can take over management of the ISA for themselves however funds cannot be withdrawn from a Junior ISA until the child reaches the age of 18. On their 18th Birthday, the Cash JISA switches to a regular Cash ISA. The JISA Savings limit can be spread between a Cash JISA and Stocks & Shares JISA. Junior Stocks & Shares ISA A Junior Stocks & Shares ISA or Shares JISA carries the same tax benefits as a regular Stocks & Shares ISA, namely any capital growth through share price, interest and dividend payments are tax free if invested in domestic stocks & shares and other qualifying investments. If you hold foreign investments in an ISA the dividend & interest payments may be subject to a Withholding Tax(WHT). A Stocks & Shares JISA may be opened by a parent or guardian on behalf of their child so long as the child is under the age of 18. At the age of 16, the child can take over management of the ISA for themselves however funds cannot be withdrawn from a Junior ISA until the child reaches the age of 18. On their 18th Birthday, the Stocks & Shares JISA switches to a regular Stocks & Shares ISA. The JISA Savings limit can be spread between a Cash JISA and Stocks & Shares JISA. CONTACT US Andrew Reed Court, Watford, WD24 4RU CALL US:- Due to the current pandemic our phones lines are temporarily unavailable Isa4me@outlook.com Like it? Share it! More by this author |