What’s the point in an Isa? This is a regular grumble as savings rates are now so low that earning 1 per cent would be a big deal.
But wouldn’t you rather have all of a small amount instead of a small amount minus tax?
And if you are investing, an Isa makes a lot of sense – embracing your gains and dividends in a nice tax-free wrapper.
On this week’s podcast, Georgie Frost, Lee Boyce and Simon Lambert talk Isas: from the classics, cash and stocks and shares, to the upstarts the lifetime and junior strands.
The team discuss why an Isa is worth having, even a cash one when the personal savings allowance exists and rates are rubbish.
And Simon gives his quick guide to investing easily in an Isa, with a whistle-stop tour through the ‘why, how and what’ that could help you grow your wealth long-term.
The team also discuss whether a lifetime Isa is worth having and whether a junior Isa or a slice of your own is the best place to save for children.
And finally, if you’d like to both turn a profit and make your money do some good, what about ethical investing?
Is the ESG label (environmental, social and governance) just a marketing ruse and how ethical are these funds? We run through the spectrum of investments that try to be ethical and give some ideas on what might fit the bill