Double ISA opportunity still available - but be quick!
In a recent newsletter we urged you to request a review of your ISAs in order to benefit fully from your allowances. Although time is running out, you can still have your cake and eat it with these investments provided you act now.
Your individual ISA allowance for the current year 2007-08 is £7,000. The deadline for investing that sum – or whatever part of it remains after earlier investments – is 5th April 2008. So don’t miss out!!
As from 6th April 2008, you may no longer top up or invest your 2007-08 allowance: that chance disappears for good. You will, however, have a new ISA allowance for 2008-09 amounting to the slightly higher figure of £7,200.
As we approach the 5th April 2008, therefore, you can – if you are prompt - allowed to invest up to £7,000 by that date. As from that date you can use your new investment allowance of up to £7,200. This potential total person’s allowance for the two tax years is £14,200, this clearly translates into £28,400 for a couple.
All this can be done in the space of a few days!
To make the most of this position, therefore, we advise you to consider a hugely tax efficient double investment: firstly, (1) the maximum possible sum within the short remaining life of your 2007-08 allowance, followed immediately by (2) the maximum possible sum at the very start of the 2008-09 tax year. As we have shown, this means anything up to almost £30,000 for a couple!
You have no need to fear high levels of risk in this opportunity. Certainly, current trends in the financial markets potentially appeal to higher risk takers, but your ISA investments do not have to be in the stock market and shares. Your Adviser from Thompson Financial Consultants can and will suggest other options that can be less risky than stock markets linked investments if this matches your requirements.
To get the best ISA opportunities suited to your needs call Mark now on 01473 828973.
Meet the team
 Danny Davey, our mortgage specialist, has all the necessary professional qualifications to give sound and practical advice regarding mortgages and associated protection plans. Danny has vast business experience running different companies in the past and has been with Thompson Financial Consultants for a year. “I ensure my clients get the right mortgage for their circumstances, not just a mortgage deal that is flavour of the month. By ensuring I get the right mortgage for my clients, this adds great long term value and savings to my clients.”
We would be pleased to receive any comments or suggestions about this newsletter - just send us an email.
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Stone Street,
Hadleigh,
Suffolk IP7 6DN
Tel: 08451 188973 or 01473 828973
Your property may be repossessed if you do not keep up repayments on your mortgage.
For mortgages we can be paid by commission from the lender, or by a combination of commission and a fee of £350, or by a fee of £1,000.
Commercial mortgages are not arranged or regulated by Sesame and the FSA.
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