• Tax efficient investment
• All providers available, including Fidelity, Jupiter, New Star, Artemis, JP Morgan, Invesco, etc.
• Advice on Cash ISAs also available

Now that IR35* has been fully implemented, it is important that contractors take advantage of the current tax breaks that are available to them.

The ISA limit is £10200 for everyone (of which £5100 can be in cash). The Budget announcement of this year indicated that this limit would also rise annually by RPI inflation. As allowances cannot be carried forward, it is important to fully use your allowance every year.

There are several different types of ISAs that you can invest in. Our advisers can advise on the right type of fund to invest in.

Equity ISAs
These are typically based around unit trusts, investments trusts or share based schemes. With the recent fluctuations in the stock market we advise clients to look to the medium term (5-10 years) as this allows time for your investments to grow.

You can either invest on a monthly basis or via an annual lump sum. Contributions can be increased or decreased depending upon your financial circumstances.

Cash ISAs
If you need to access your money quickly, a Cash ISA can provide that access accompanied with a relatively high interest rate when compared to a standard bank or building society account. You can invest up to £5100 per annum into a Cash ISA.

Protected ISAs
This is where your money is invested in the stock market, but with a degree of protection from the fluctuations in the stock market. These offer security, but due to the 'safer' funds that are invested in, they offer a potentially lower return than some equity ISAs.

At Forum Wealth Management, we can advise you on the best investment strategy to take. This may take the form of ISAs and pensions, but our advice will always take into account your personal circumstances and the current financial climate.

Tax assumptions are based on current legislation which may change in the future', at the bottom of this section.

You may not get back what you put into the investment. The investment will be into an ISA containing stocks and shares. They are considered to be medium to long term investments.

You should remember that past performance is not necessarily a guide to future returns.

*The Intermediaries legislation, now commonly referred to as ‘IR35’, was introduced on 6th April 2000. The aim of the legislation is to eliminate the avoidance of tax and National Insurance Contributions (NICs) through the use of intermediaries, such as service companies or partnerships, in circumstances where an individual worker would otherwise; For tax purposes, be regarded as an employee of the client and for NICs purposes, be regarded as employed in employed earner’s employment by the client.