Opting into savings


Financial Planning PaperworkIt may seem like barely yesterday when the entire country was spending every day either sending, or reading GDPR emails to opt in or out of contact. But the May deadline came and went, we all made our choices about what we wanted to keep receiving, and everything went back to normal.
The ‘opting in’ model is also a useful way to think about your savings vehicles, with ISAs at the forefront of your options. With new types of ISA popping up seemingly every year, it can be hard to keep track of them all. We are always looking at ways to help our clients, and with ISAs investing early increases the advantages.
Our feature article in the latest Summer edition of our newsletter is ‘Which is the right ISA for you?’ where we look at the potential of the full range of ISA tax wrappers. With a variety of government-funded enticements, but also restrictions on when you can invest and withdraw your money, it isn’t always clear which option to choose.
With the Spring Statement behind us and the introduction of a single Budget each year, now in November, we entered the 2018/19 tax year with a much clearer idea of the landscape. The absence of last-minute surprises to take into account gives us all more time to focus on effective planning for the coming year. With significant changes affecting some investment opportunities, this could be the perfect opportunity for you to review your arrangements.

Other stories you’ll find in our Summer newsletter include:

• A new era for VCTs and EISs
• Reduced protection for mortgage payments
• Stuck in frozen tax thresholds?
• Interest rates are set to rise

We look forward to bringing you our next update in September before all eyes turn to the Chancellor’s final Budget ahead of Brexit. Please do get in touch if you think you may be affected by any of the topics in this edition.