Investments
You can help maximise the potential of your investments with a wide range of flexible solutions through cps financials and Contractor Financials. The extensive experience of the IFAs at Contractor Financials means that they can search through thousands of investment funds to find the right solution for you.
One of the most popular investment routes amongst contractors is an Individual Savings Account (ISA) because of its significant tax breaks and flexibility. There are a number of key benefits for an ISA investment:
- You can invest up to £10,680pa each year into an ISA account, with up to £5,340 allowed in a cash ISA.
- Junior ISA’s will be introduced in November 2011 which will allow parents/guardians to invest up to £3000 per year. The child will then be able to access these funds tax free on their 18th birthday.
- There are a wide range of ISAs to choose from so you can find the best solution to your needs.
- ISAs offer flexible investments with options that are suitable for short, medium and long term needs. With most you can draw out your savings at any time.
Make the most of your savings
With HMRC’s continuing efforts to remove the tax breaks available to contractors, now more than ever it is important for you to take advantage of the few remaining options available
Equity ISA
Investing in an equity ISA is one of the most popular routes and stock market based investments historically offer the best returns as long as you can accept that your funds may fluctuate in value from one year to the next. It is often best to consider a minimum time horizon of five years or more so that your savings have a chance to grow and hopefully ride out any dips in the stock market. Contractor Financials search thousands of options to short list the funds that have a history of positive performance and strong prospects.
You have the option to invest in a lump sum, however the advisers will recommend that you use monthly contributions to spread the risk of market fluctuations and avoid the end of tax year rush.
