Fiducia Wealth Management
Posted in Financial Advice, ISA's on 13.09.07

The rules that govern Individual Savings Accounts (ISAs) are due to change from April, 2008.

The government have confirmed their long term commitment to encouraging savers and investors by extending the life of ISAs beyond the original cut off date in 2010.  This means that clients can continue to build up funds which are largely free of tax, and in particular can provide tax free income.  From next year the maximum annual contribution that can be invested in an ISA will be increased from the current £7,000 to £7,200.

Some of the arcane rules that govern ISAs are to be relaxed, and the distinction between Maxi and Mini ISAs will go.  It will also be possible to move mini cash ISAs into equity-based ISAs, although not the other way around.

Clients that have taken a disciplined approach to sheltering the maximum amount of funds in ISAs each year are now looking at a significant part of their wealth outside the savings and investment tax regime.

Funds held on our Mastertrust account can very easily be moved into ISA wrappers.  We will be encouraging clients to make sure they have made full use of their allowances before April next year, and then again as soon as possible in the new tax year.


If you would like to know more about how we as Financial Advisers can help you  with your Investments then visit the Investment Management section of  our website: Investment Management or send us email at: [email protected]

The information contained in our website is for guidance only and does not constitute advice which should be sought before taking any action. The information is based on our understanding of legislation, whether proposed or in force, and market practice at the time of writing. Levels, bases and reliefs from taxation may be subject to change. Accordingly, no responsibility can be assumed by Fiducia Wealth Management Limited, or any associated companies or persons, its officers or its employees, for any loss occurred in connection with the content hereof and any such action. Professional financial advice is recommended for every case.

Fiducia is a multi award-winning firm of Financial Advisers based in Dedham near Colchester situated in the heart of Constable Country on the Essex Suffolk border.

Fiducia Wealth Management Ltd. Dedham Hall Business Centre, Brook Street, Dedham, Colchester, Essex, CO7 6AD.

Fiducia Wealth Management Ltd. is authorised and regulated by the Financial Conduct Authority. FCA No. 408210

Fiducia Wealth Management
Posted in Financial Advice, ISA's on 13.09.07