Why it’s vital you have an Isa plan

The one tax break not to be missed is the annual Isa allowance, says Tom Bulford. Here, he explains why a stocks and shares Isa is vital for every investor.

Right now, the government is in no position to be generous. And so we need to grab any tax break that we can get. For me, the one not to be missed is the annual Isa allowance.

To remind you, Isa stands for individual savings account, into which you can put your money and thereby keep it out of reach of the taxman. Not only are savings held within an Isa tax-free, but you do not even have to declare them on your tax return. How nice is that!

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.