Best ISA

What is the best ISA?

Defining the best ISA is such a hard task as everything depends on what you’re looking to gain from your savings and how long you wish to invest for. There are many things to consider when choosing the perfect ISA to suit you. You should consider your risk profile; how open you are to taking such risks in order to gain a higher return? You should also evaluate your objectives for investing; are you looking for income or the opportunity to gain capital growth or even both of these things? You may also be considering inheritance tax planning or your retirement provisions.

Subject to the above, there is a wide range of options available to choose from and a vast array of products to navigate. If you are moving over an existing investment ISA portfolio it may be appropriate to revisit exactly what you want to gain from it. The best ISA for some clients may be an ISA that provides a balance between income provisions and capital growth. Alternatively, if you are focusing on capital growth you may think that the best ISA is one that is actively or tactically managed to offer the best returns.

Below is a simple table showing the pros and cons of the initial types of ISA, to help you see the benefits of each one.

Everybody is looking to meet their own objectives but we can find you the ISA best suited to your needs. If you have any questions regarding the best ISA to suit your needs contact us at People and Business, click here.