5 benefits of ISAs

Features and News
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With ISAs now available on Stratiphy, here are five key advantages these accounts offer:

  1. 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    You can withdraw money from your ISA at any time without paying income tax or capital gains tax on the withdrawn amount.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
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This is a good summary of the benefits of investing within an ISA, and research shows 60% of all ISA funds are held within stocks and shares ISAs - the type Stratiphy offer.