The most popular Stocks and Shares ISA funds in August 2023
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Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing, however, it may no longer reflect our views on this topic.
Discover which funds were most popular with HL Stocks and Shares ISA investors in August 2023.
This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
8 September 2023
Right now, the top rate on a five-year fixed Cash ISA pays 5.85%. That’s higher than many younger savers will be able to remember. And it might make some people question, are Stocks and Shares ISAs still worth it?
Choosing the right option will always come down to saving versus investing – no matter what current interest rates are.
ISAs are one of the most tax-efficient ways to save and invest. You don’t have to pay any UK tax on money held in an ISA. And you can shelter up to £20,000 of your money each tax year, that’s £40,000 if you’re in a couple.
ISA and tax rules can change and their benefits depend on individual circumstances.
With a Cash ISA you get the benefit of regular interest. And there’s the reassurance of knowing you won’t get back less than you put in, making it a safer place
Read more on hl.co.uk
