Your Guide to ISA Picks and Tax Planning

SPECIAL REPORT: Investors have just one month left of the 2017/18 tax year - have you got your personal portfolio in order?

Emma Wall 5 March, 2018 | 1:32PM
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You have just one month before your use-it-or-lose it tax-free investment allowances are gone for good. April 5 is the final day of the 2017/18 tax year; if you have not used your ISA and SIPP allowances before then, you will lose the opportunity to shield that cash from the tax man. 

The ISA allowances this year are more generous than ever before; £20,000 for adults and £4,128 for children. The self-invested personal pension, or SIPP, allowance is £40,000 for the year, and £1 million over your lifetime.

Around £2.5 billion is expected to be sheltered from tax in the last week of the tax year - 14% of all ISA applications.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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