Legal & General is one of the biggest providers of index-tracking investments in the UK, managing £268 billion as at 30th June 2014.
Each year, the Government allows you to invest a set allowance in an Individual Savings Account (ISA), where you don't pay any personal tax on any gains made or income received.
Your allowance is related to the tax year, not the calendar year. The tax year begins on 6 April and ends on 5 April the following year. Your ISA allowance is £15,240 for the 2015/16 tax year.
ISAs are not just for higher-rate taxpayers or wealthier investors. All adults who are resident in the UK for tax purposes are entitled to invest in an ISA, and you can even open a Junior ISA on behalf of your children, who get their own allowance of £4,080 for this tax year. You can open a cash ISA at 16 years and then open a stocks and shares ISA at 18 if you wish.
You can choose to save in the following ways:
Yes. You can transfer your ISA from one provider to another. You can transfer a cash ISA to another cash ISA with a different provider. You can do the same with stocks and shares ISAs. You can also transfer a cash ISA to a stocks and shares ISA and vice versa.
Invest in a range of unit trusts with a tax-efficient ISA.
Stocks and Shares ISAs
We're one of the UK's largest providers of index-tracker investments.
Haven’t made use of your full ISA allowance for this tax year? Top-up with a lump sum or increase your direct debit.
When it comes to planning your portfolio, there are a few basic things to think about before you start.