User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday March 20, 2020 - 18:32:55 GMT
Global-View.com - www.global-view.com

Share This Story:
| | Email

What You Need to Know Before the ISA Deadline This April

Individual Savings Accounts (ISAs) give individuals the opportunity to earn tax-free interest on their savings and investments. The UK government has thresholds in place, including how much you can invest in an ISA within a given year, as well as when the deadline for contributions is each year.

Both of these factors are important to keep in mind if you’d like to maximise your tax-free returns. Here’s what you need to know before the ISA deadline swings around shortly.

The ISA Deadline is Fast Approaching

The UK tax year runs from the 6th of April of the current year through to the 5th of April of the following year, meaning that the current deadline is right aroundthe corner. For this tax year, the contribution limit is set at £20,000 across all types of ISAs available.

This gives you just a few weeks to do what you can to make the most of this year’s ISA allowance. Once the new tax year starts, the allowance resets. Keep in mind that once this happens, any unused element is lost and cannot be carried forward.

For the first time investor

If you haven’t opened an ISA account this tax year, you still have time to do so and to move some money into the account type of your choice. You can open an ISA through banks, credit unions, peer to peer lending services and other financial institutions, depending on the type you are interested in.

The Different Types of ISAs

Whether you’re a first-time investor or simply looking to diversify your portfolio, knowing more about each type of ISA can help you decide which one may be best suited to your needs.

Cash ISAs

If you’re a UK resident and over 16, you’re eligible to open a Cash ISA. These typically offer easy access or fixed term options, with the interest rate on offer aligned with the fixed term you commit to. This type of ISA comes with FSCS protection, which means you’re always covered for up to £85,000, making it a relatively low-risk option.

Stocks and Shares ISAs

Stocks and Shares ISAs give you the chance to invest your money into a range of financial products - including investment funds, trusts, government bonds, individual shares and more - while being exempt from dividend tax and capital gains tax. As a result of this, they tend to be higher risk than cash ISAs, but Stocks and Shares investments can potentially generate better returns too.

Lifetime ISAs

Lifetime ISA accounts are there to help you reach a milestone in your life. Their earnings can go towards buying your first home or towards retirement savings. You need to be under 40 years old to open one of these, and you’re able to 

contribute up to £4,000 each tax year until the age of 50. The government offers a bonus of 25% on your yearly contribution up to £1,000 to help you along the way, and penalty-free access becomes available when you purchase a home or reach the age of 60.

IF-ISAs

Innovative Finance ISAs are newer investment products, where consumers can earn tax-free returns by investing through a peer to peer (online) network. IF-ISAs allow account-holders to invest in various kinds of loans - e.g. commercial and business loans, secured loans or consumer loans - and rates can be attractive.  Remember that, as with Stocks & Shares ISAs, capital is at risk and IF-ISAs do not come with FSCS protection like a Cash ISA. Learn more about this investment option with this handy Beginner’s Guide to IF-ISAs.

Capitalise on the ISA Deadline

With just a short while to go until the ISA deadline is here, the time is now to maximise your potential tax-free earnings on existing investment accounts, or to open your very first ISA.

By utilising the power of any of the ISA types, you can get closer to your savings and investment goals and prioritise your financial wellbeing to make your money work better for you as we head deeper in the 2020s.

 

Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."



Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube




pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex