The Killik & Co Individual Savings Account (ISA)
The Killik & Co ISA is a personal tax wrapper that allows you to combine your holdings under a single umbrella and create a portfolio tailored to your individual needs.
You can now add up to £7,200 in investments annually to your ISA, making it a flexible and simple way to grow a substantial tax-free lump sum. Any income paid out is free of tax and there is no Capital Gains Tax (CGT) to pay on disposals*. You can also transfer previous Cash ISA plans into a Stocks and Shares ISA.
You can switch between funds and equities in the ISA whenever you want, while still retaining the tax advantages.
You can look at an ISA as stage one in reducing the tax burden on your retirement income. Use an ISA to maximize your tax free capital growth in equities before retirement and then, as stage two, move the capital into higher yielding bonds where the income is completely free of tax after retirement.
The Killik & Co ISA is free to set up and has, as part of our Advised Dealing Service, no management charges.
*UK Income Tax deducted at source will generally be recoverable, but the tax credits attaching to UK shares are not. There are no further Income Taxes to be paid on investments held within ISAs.