The value of the investment and the income they produce can go down as well as up and you may not get back as much as you put in.

Individual Savings Accounts (ISAs)

ISAs represent a tax-efficient container into which to place cash savings and investments in equities, bonds and collectives plans. Currently an amount of £20,000 each tax year can be invested within an ISA (Tax year 2017 – 2018)

ISA’s have become more complex in recent years and you now have a choice of: Stocks and Shares ISAs, Cash ISAs, Help to Buy ISAs, Innovative Finance ISAs, Junior ISAs and even a Lifetime ISA.


Cash ISAs are certainly much less risky than buying equities, that is to say investing in the shares of companies listed on a stock exchange, however equities do offer an upside possibility that National Savings and Deposit bases investment products do not.

You have the possibility of gaining not only a dividend – a proportion of the company’s after tax profits distributed to shareholders – but also a capital appreciation. If the price of the shares goes up after you buy them then you have made, on paper at least, a capital gain.

The bad news though is that the value of shares can go down as well as up, which means you risk losing your investment if the price of the shares falls.