Cash ISAs and Bank Deposits - do you think you are getting a good return?
With bank base interest rates at their current low levels and likely to continue to be low by historic levels, for anyone who has money invested in Cash ISAs or bank deposits, now is the time to review your options to achieve potentially better returns if you are seeking capital growth or income from your investments.
In his last 2010 budget speech the Chancelor announced further increases to the maximum amount which can be invested in a tax-efficient ISA from April 2011, rising from £10,200 to £10,680. Furthermore the limit will continue to rise each year in line with inflation, and monies help in cash ISA's can easily be transferred into Stocks and Shares ISAs without affecting the current ISA limits.
A number of new and innovative products have also been launched recently offering capital guarantees and relatively good returns as an alternative to traditional bank deposit accounts. If you would like to review your ISA and bank deposits, to offer the potential for greater growth you need make sure you talk to your Independent Financial Adviser immediately.
To obtain further information please click here:
(link to ifa@josephlamb.co.uk)