Investing money needs careful consideration and you need to be absolutely sure of the risks involved. This section provides generic information on different types of saving & investment. You should seek advice appropriate to your specific circumstances prior to making any decisions.
Asset-backed Investments
There are many different asset-backed investments open to the individual investor. Each type has own specific risks, benefits and taxation treatment.
Investment Overview
This at-a-glance guide is intended to give you a quick snapshot of a range of different investment vehicles available.
Platforms
A platform brings together your investments and pensions online, allowing you to view them in one place – a bit like online banking.
Individual Savings Accounts (ISAs)
Under the so-called ‘New ISA’ (or NISA), Cash ISAs and Stocks and Shares ISAs have effectively been merged.
In the 2018-19 tax year, the personal allowance was £11,850, but this has risen to £12,500 in the 2019-20 tax year. This means you can earn £650 more in the 2019-20 tax year than in the previous tax year before you start paying income tax.
Deposit Based Investment
There are various deposit-based investment vehicles available. Many customers will have money on deposit either with a bank or building society.
The value of investments and any income from them can fall as well as rise. You may not get back the amount originally invested.