Making use of your full ISA allowance each year is a great goal to aim for. But what is the best time of the tax year to invest? Should you try and fill up your pot as soon as you’re able to or hang back a little and wait?
New research from Willis Owen may give us an answer. Read on for some insights into this investing dilemma.
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What is the ISA allowance for 2021?
Following the recent announcement of the Budget, there were no changes made to the current ISA structure.
This means that you still have an allowance of £20,000 each tax year. There have also been some hints that this annual figure might be frozen for five years.
You can split your full allowance across the different types of ISA accounts. But with rock-bottom interest rates, it’s the stocks and shares ISA that currently … Read more