2019 ISA Season and Tax-Efficient Investing

The ISA celebrates its 20-year anniversary at a difficult time, with Brexit looming before the end of the tax year. How can you ignore the noise and achieve your long term goals?

James Gard 11 March, 2019 | 8:29AM
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The Individual Savings Account (ISA) celebrates its 20th birthday this year. Is it many happy returns for savers and investors, or is the ISA regime now so complex it needs a complete overhaul? Brexit uncertainty is certainly leading investors to pull billions from funds, according to the latest research. But the Morningstar view is that people should always look to the long term to achieve their goals, whether that is a comfortable retirement, their first home or paying for education. An ISA is one of the most mainstream products to achieve these goals, but it is not an end in itself.

On Monday we start with the basics: what is an ISA, how much can you put in it, what products you can use, what does “tax-free” actually mean? We break down the various rules of certain products, such as the Lifetime ISA, which isn’t available to those 40 and over.

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James Gard  is content editor for Morningstar.co.uk