Be An ISA Millionaire

Be A Millionaire

Do you want to be an ISA millionaire ? How long will it take you to be an ISA millionaire ? Here in the UK we have a fantastic tax free savings scheme called an ISA (Individual Savings Account) which allows people to save up t0 £15,000 per year in a tax free account. No tax on interest earnt, no tax on capital growth or dividends The only tax on these accounts Inheritance tax when you die Prior to July 2014 you could save a maximum of £5,640 in a cash ISA - which enabled you to save in a deposit style account And a maximum of £11,280 in a stocks and shares or investment ISA which enabled you to save in Unit or Investment Trusts, stocks and bonds. Yesterday the rules changed, … [Read more...]