With ISAs now available on Stratiphy, here are five key advantages these accounts offer:
- Tax-Free Withdrawals
You can withdraw money from your ISA at any time without paying income tax or capital gains tax on the withdrawn amount. - Flexible Contributions
ISAs have an annual allowance of £20,000. With a flexible ISA, you can withdraw and replace money within the same tax year without it affecting your annual allowance. - Accessible and Easy to Manage
You don’t need to invest a large sum to open an ISA. These accounts are user friendly and allow you to invest any amount, up to £20,000 per tax year, based on what suits your financial situation. - Comprehensive Tax Benefits
You don’t pay tax on interest, capital gains, or returns earned within an ISA. Dividend income in a Stocks and Shares ISA is also tax free. - Start Early with Junior ISAs
Parents or guardians can open Junior ISAs for children under 18, helping them start building a tax free savings from a young age.