Why you need an ISA - MoneyWeek Investment Tutorials

Tim Bennett explains the tax benefits and other perks of an ISA, as well as detailing the different investments you can make under the tax efficient scheme.

[HiD]

As of 2019 January, the max allowance is £20, 000

[alexmuller]

Great video, thanks! Stocks & Shares ISA question: is my yearly 20, 000£ allowance defined by the amount of money I pay in or defined by the value of the stocks & shares I hold? For instance, if I pay in 19, 000£ and then a month later the market value rises to 21, 000£ because the stocks do well - am I still within the allowance or have I exceeded it? Many thanks!!

[sohiltanwar]

Can i use this video in my presentation? What are the copyright issues?

[anwarlekki]

is this ethical to do? is it compound  interest? what are some other options for saving money?

[pixelatedicon]

My savings account gives me a whopping 0.5%. So with £10, 000 in I get £50. So that £50 interest is protected from 25% income tax ie £12.50? I'd probably drop that much money in a year.
Now if you'd told me to get bitcoin...

[DubstepAllOnMe]

When should I open a saving isa account shall I open one in April

[awaisjee]

i currently have a stocks and shares isa for year 16/17. Can i get another one for 17/18 and keep both with their full investment limit allowances?

[MxitQeepNimbuzz]

Is this channel still open for Questions by the public??

1) can a person in South Africa have an ISA account or are they called something else ??

2) the guy in video mentioned shears does this also include unit-trusts and ETF investing??

3) what are the costs to apply for an ISA account??

4) the max amount is or was 10200.00 pounds in 2011 ok so if that's the max what is the allowed accumulated capitalize amount allowed that can be accumulated after the maxim amount??

[foreverxundefined]

This is available for the UK only correct?

[badrulhussain]

Say £10k is the tax free limit. You deposited £10 into an isa and your money tripled from the shares you owned after a year. On year 2 you wanna add another £10k, which is also year 2's tax free limit. Now your money is sub totalling to £40k plus the dividend £5k totalling to £45k. Will you get taxed on that?

[smooth]

A question: which would be safer if the banking system collapsed due to war etc
1. ISA
2.current account
???

[JLL]

Hello 2011. Interest rates didn’t rise; they stayed historically low.

[frdscious]

The cash ISA advice seems stupid.. the benefit of ISAs is to keep them and enjoy permanent tax breaks. Not sell them up every year. Stocks and shares are the only worthwhile use of an ISA. Invest in something extremely long term to the maximum allowance, forever get tax breaks on the gain and add more in separate ISAs every year.

[How.Dare.You.]

I don't understand. So is it only designed for those who invest?

[dougieladd]

Thanks for this I'm completely blonde when it comes to finance. This is well explained Tim thanks. (I know it's 2016/17 so is there an update to this? i.e. have things changed in the last 5 years??

[Khaled]

Is "Isa" just a British version of the American "401k" ?

[petermitchell]

ISA'a are no longer relevant if your expected interest is below £1000. Current accounts provide a far better interest rate than ISA's.