Finance Blog

I hated my cash ISA – since the banks ‘crashed’ in 2008, it’s been difficult to decide what to do with my money.  Keeping it at home almost felt as safe as investing it with the banks – even with the protection of the bank’s guarantee, I really started looking seriously at what I wanted to do with my money.

And then, I stumbled onto the solution by accident

I was considering investing in straight stocks and shares – after all, I was planning on playing the long game with this money anyway – so investing them in stocks while the market was in a low slump was a great idea, or so I thought.  But I had a chat with my friend and he said ‘well, have you considered a Stocks and shares investment ISA’.  He went on to tell me that I got a ‘free pass’ on a portion of the investment for tax purposes, and I wouldn’t need to pay capital gains on my ISA stocks and shares, should they make money.  Win Win!
So I did what he suggested – I worked with a company that specialised in stocks & shares investment isas and looked into the systems they suggested, before picking my account and investing.  I’ve had several chances since to look into the idea, and I think I made the right choice.