ISAs
What is an ISA?
An ISA isn’t an investment itself, it is a tax-free way to save or invest.
ISA Limits
Each tax year, you get an ISA allowance which sets the maximum you can save within the tax-free wrapper. For the 2024/25 tax year, you can save up to a maximum of £20,000. Crucially, any unused allowance doesn’t roll over.
It is worth noting that tax rules can change, and the value of any benefits depends on your personal circumstances.
Can you Invest in an ISA Directly with Slater Investments?
Yes, you can. Slater Investments, as an ISA manager, can hold and look after your Stocks & Shares ISA. It is important to note, however, that you can only invest in one Stocks & Shares ISA per tax year. If you have already opened a Stocks & Shares ISA this tax year, you can either transfer your Stocks & Shares ISA to Slater or wait until the following tax year.
We do not operate cash ISAs.