5 Helpful ISA Tips
Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.
Welcome to our top five ISA tips, here’s some helpful things to consider when planning your ISA strategy.
1. Set A Goal
By setting a goal, it can help you stay focused over the longer term. If you think of this as your personal reason for investing, you’ll then be more likely to check your performance and add to your ISA when you can.
2. Top up anywhere, anytime
With impulseSave® you can add as little as one pound a time to your ISA. So if you find you have extra cash available, it is quick and easy to top up and keep your investment on track.
3. Keep track of your ISA allowance
The tax year ends on April 5 2018, so if you haven’t maxed out your allowance of £20,000 by then, or haven’t put in as much as you can, then you’ll miss out. Topping up early and often could be a good idea.
4. Play the long game
By focusing on a long term strategy, you could build towards an eventual savings goal. It is time in the market, not timing the market, which could make the difference.
5. Diversify and decide your attitude to risk
It’s important to choose a level of risk that you are comfortable with. Particularly with a Stocks & Shares ISA, you’ll want to make sure that your portfolio is diversified, aiming to minimise the level of risk and maximise potential returns.
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With investing, your capital is at risk. Investments can fluctuate in value and you may get back less than you invest.