Your Industry  

Guide to Isas

    Guide to Isas


    Since the Isa concept was launched in 1999 by the then Labour government, there have been multiple changes both to the amount people can invest each year, and to the number of available Isa vehicles.

    Over the past few years, we have seen the introduction of the Junior Isa (Jisa) - which in 2011 replaced the old Child Trust Funds - the creation of the Help to Buy Isa, the development of the Innovative Finance Isa and the March 2016 announcement of the Lifetime Isa.

    This has expanded the range of available investments for your clients - all within the yearly tax-free limits set out by the government.

    However, some providers do not consider the choice of Isa products to be simple or attractive.

    Andy Bell, chief executive of investment platform AJ Bell, warned there is a danger of ending up with a “spaghetti soup” of Isa products.

    “We will be campaigning for a single Isa product, with different allowances and benefit rules depending on the savers’ circumstances. Separate Isa products for each circumstance will just increase costs to savers.”

    This guide aims to explore the pros and cons of each variation of this popular investment product, and will explain which type of Isa might be appropriate for clients at different life stages or in certain circumstances.

    Contributors of content to this guide are: Simon Bashorun, financial planning team leader at Investec Wealth and Investments; Andy Bell, chief executive of AJ Bell; Patrick Connolly, certified financial planner at Chase de Vere; Richard Parkin, head of pensions at Fidelity International; Carol Knight, chief operations officer for the Tax Incentivised Savings Association; Calum Bennie, savings expert at Scottish Friendly; Neil Lovatt, product director for Scottish Friendly; Richard Donegan, managing director for Selftrade; Daniel Harrison, senior partner for True Potential; Danny Cox, chartered financial planner for Hargreaves Lansdown; Louise Halliwell, senior savings product manager at Yorkshire Building Society; Tom Williams, chartered financial planner for WH Ireland; and Simon Massey, director of wealth management for MetLife UK.

    Simoney Kyriakou is content plus editor for FTAdviser

    In this guide


    Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

    1. According to Mr Connolly, what should everyone have for accessibility?

    2. How much has the Isa annual limit risen to this tax year?

    3. How many adult Isas were subscribed to in the 2014 to 2015 tax year?

    4. How many people were put off investing due to the risk of their money, says Mr Donegan?

    5. What is the maximum government bonus on a Help to Buy: Isa?

    6. What could be a danger for young people over innovative finance Isas, according to Mr Williams?

    Nearly There…

    You have successfully answered all the questions correctly, well done!

    I completed this CPD in

    To bank your CPD please complete the form below.

    Were the stated learning objectives met?

    Why weren't they met?

    What did you learn from undertaking this CPD exercise?

    Why did you undertake this piece of learning?

    Any comments about this article or FTAdviser's CPD in general?


    Congratulations, you have successfully completed and banked this piece of CPD

    Already Banked!

    You have already banked for this article.

    To bank your CPD you must sign in or


    One or more questions have been incorrectly answered,
 please review your answers and try again.

    Please complete all the above text fields to bank your CPD.

    More Your Industry CPDSee my completed CPDSee all CPD