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How to fine-tune your ISA for regular income with Jack Lloyd
How to fine-tune your ISA for regular income with Jack Lloyd

marcus korsten investment, 9/13/2018 - Using investment trusts for ISA income

The end of the tax year – and the start of a new one – is the ideal time to review and adjust your ISA investments.

The deadline can be a useful prompt to make the most of these tax-efficient wrappers. Each tax year, individuals can put up to £20,000 into an ISA, which protects their savings from capital gains tax and higher-income tax charges.

Remember, this is a use-it-or-lose-it allowance. If you don’t invest in an ISA this year, you can’t put £40,000 in the next year.

But while you’re considering how to invest this year’s allowance, it makes sense to review existing ISA holdings.

Many investors add to their ISA portfolio in a piecemeal fashion each year, without considering existing investments and holdings.

This can lead to some portfolios being skewed towards one sector or style of investment. Such concentration may mean investors adding unnecessary risks to their portfolio.

It can also mean they miss out on potential future gains, if they haven’t invested in certain parts of the market.,,,,

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