What is an ISA?

An ISA is simply a tax wrapper that you are able to hold investments within that is allowed to grow tax free. T. Bailey offer what is called a Stocks and Shares ISA.

Every adult in the UK is allowed to contribute up to £20,000 into a Stocks and Shares ISA in the current tax year. This money can then grow tax free. The ISA allowance resets every year in April and you get a new year’s allowance. If you don’t use your whole allowance in a year, you lose the unused portion (i.e. it is not rolled over to the next tax year). Setting it up is easy, just fill in your details on the form and we set everything up for you.

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