Making a Million Using Stocks and Shares ISAs - Part 1 of 26
By Stephen Sutherland, author of Liquid Millionaire.Posted in the Category of ISAS, Investing, Investment Fund, Wealth Building on 27th January, 2010.
Tags: isa, isa investment, isa trend investing, liquid millionaire, million.
Over the last few months, I’ve been writing an ISA Trend Investing Guide that shows you how you could make a million using ISAs.
Yes, I did say a million and your million pounds would all be tax-free. Imagine that!
Inside the guide it includes key information about things such as ISAs, investments funds, how to outperform the market and there is also a section on stock market basics – just in case you are new to the game.
I also have quite a lengthy section on ISA Trend Investing that I think you will find informative, valuable and fascinating. The guide concludes with highlighting what I consider to be a first class investment opportunity and to say that I am excited about that investment opportunity is a real understatement.
Over the next few weeks /months, I’ll be giving you an exclusive sneak preview before the main newspapers get their hands on it because I suspect that some time in the future, you’ll be seeing a copy inside your favourite weekend broadsheet.
Today, I’m going to start with some content from the guide’s introduction and explain how ISAs are one of the UK’s best kept secrets.
So then, let’s begin.
ISAs are one of the UK’s best-kept secrets.
Yes it’s true that most people in the UK have heard of ISAs and it’s also true that many people own an ISA. But the fact is, most people do not understand the important role they can play in providing you with a comfortable retirement.
These same people also don’t understand (or believe) that ISAs can play a part in helping you retire a tax-free millionaire.
I’ll be talking more about some “real life” ISA Millionaires later. But first, let’s start with some basics.
Individual Savings Accounts (ISAs) are tax-free savings accounts.
The big advantage of ISAs is that returns are tax-free. Gains on investments held outside an ISA are liable to income tax or capital gains tax.
ISAs were introduced in 1999 to replace PEPS and TESSAs.
With ISAs, you can start with small amounts and save up to £7,200 each tax year, putting money in and taking it out whenever you like.
In April, 2009 the Chancellor announced in his budget speech that the ISA limit will be raised to £10,200, of which £5,100 can be held in cash.
The new limit applies to people aged 50 and over in 2009-10, with effect from 6 October 2009, and to all from 2010-11 onwards.
People aged 50 and over will be able to subscribe to the full amount of the increased subscription limit for 2009-2010 from 6 October 2009. All ISA investors will be able to take advantage of the new limits from 6 April 2010.
In Friday’s blog I’ll be continuing with content from the guide’s introduction and illustrating how much tax you can save by investing through an ISA.
Find Out More
In the mean time if you would like to find out more about how you can make a million pounds through using an ISA, please click here for a FREE sneak preview of my book, Liquid Millionaire.
Happy reading!
Your friend,
Stephen Sutherland
The UK’s Leading Authority in ISA Trend Investing and Author of Liquid Millionaire
Please Note: As always, let me remind you that I am not a financial adviser and therefore not authorised to give advice on what investments to buy or sell.
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