Spring – and even more important the new tax year – is here. It’s the perfect time to start checking on your ISAs, dusting off those old accounts, disposing of any underperformers cluttering your portfolio – and planning how to invest this year’s allowance.
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With the tax year ending on April 5th many people are still wondering about the best way to use their ISA allowance.
Large scale investors may have no such worries and might happily invest £20,000 in their ISAs this tax year, to be followed by another £20,000 in the 2019/20 tax year.
The 2018/19 tax year is almost over, but there is still time, if you have not done so already, to invest your £20,000 ISA allowance.
It’s better late than never. But waiting until the end of the tax year before you use your ISA allowance is not a good idea.
We look at how you can start making the most of your ISA entitlement in in 2019/20.
Have you made the most of your ISA allowance for 2018?
Remember, you have until the end of the tax year to invest up to £20,000 in ISAs. But if you don’t act before April 5th, that allowance is lost for good.
Of course, you will have another £20,000 allowance in 2019/20. That means you could invest up to £40,000 over the next few weeks, or £80,000 if you invest as a couple.
The question is should you, and what is the best way to do it?
