Cash Isas – which are just like instant access bank or building society accounts but with no need to pay any tax on interest – can also be an effective short-term parking place for funds you may wish to invest in stock market-based funds at a later date.
Either option enables married couples to shelter a total of up to £14,000 between them, provided they act before midnight on April 5. Failing to act before then means foregoing a valuable tax break which, once lost, cannot be reclaimed.
Cash individual savings accounts (Isas) are an attractive option for people who prefer to have nothing to do with unpredictable stock markets.
There are investment strategies which can help weather the storm while protecting your tax break which, combined with pending changes to the Isa rules, should help you make money when conditions improve.
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