SAVINGS AND INVESTMENTS
ISA – Individual Savings Account
An ISA is not a product on its own, but a tax wrapper around a savings or investment product, which protects your investment or savings from being taxed. This is a competitive market, with many providers offering countless ISA savings schemes that can vary tremendously.
Offshore investments are often thought of as a way for the already seriously rich to make lots of money whilst avoiding tax. But modern, offshore centres are well-regulated and legitimately allow even the more modest investor to take advantage of higher rates of return or lower rates of tax…
Investments are different from savings – they are usually designed to be held for a longer term, usually ten years or more, in the hope that they will earn a good rate of interest for you. Fundamentally, you take a risk with your money by investing in assets that could rise or fall in value.