Have you used your ISA allowance this tax year?

Have you taken advantage of saving £20,000 free of tax on the interest this year? If not, or if you’d like to better understand ISAs, this video is for you.

As ISA – or Individual Savings Account – is simply a savings account for your savings or investments that is tax-free forever. ISAs can play a key part in annual tax planning.

Each tax year you get an ISA allowance, which sets out the maximum you can save within the tax-free wrapper. For the current 2021/22 tax year, it’s £20,000. I also explain all about flexible ISAs.

Other videos you might like: Investing for children & grandchildren:    • Investing for Children and Grandchild...  

Thanks for checking out my YouTube channel - I’m Justin King and my aim is to help people to live successful lives. That often involves understanding your money.

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If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you.

As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete financial confidence.

To explore whether I could help you, get in touch at https://www.mfpwealthmanagement.co.uk.

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This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!