With interest rates on cash savings extremely low, if you have cash savings you could achieve greater returns by investing into advised investment funds. £20,000 per year can be invested into ISAs completely tax-free, including any growth and income.

Where possible it is always a great idea to maximise your contributions (and your family's) every year.

Suitable if you:

• Have cash savings
• Are unhappy with the returns on your cash savings
• Have capital gains liabilities

Those aged 18-50 can contribute up to £9,000 per year into a Lifetime ISA (LISA), which benefits from a 25% bonus from the Government - this can be used to fund a house deposit or for retirement.

Those under the age of 18 can still benefit:

• Under 18s can contribute up to £9,000 per year into a Junior ISA (JISA)
• Children of clients who are aged between 16 and 18 can have both a £20,000 cash ISA and a £9,000 JISA

Anyone over the age of 18 can have a stocks and shares ISA.

Please get in touch with us to discuss your ISA options in more detail.