Have you used your full ISA allowance for the current tax year which ends on 5 April 2018? The end of the tax year is an ideal time to review your finances, including the use of allowances. The money you save in an ISA is free from capital gains tax.

There is also no further tax to pay on any income you receive. This means you can build up a substantial sum over the years, especially if you are able to make the maximum use of your allowances, and you can withdraw this in the form of income or capital without further tax liabilities whenever you want.

If you wish to arrange an ISA contribution to take advantage of this year’s allowance, please contact Emma Purvis to arrange an appointment on 0191 2818191 or via email at epurvis@robson-laidler.co.uk