Open stocks and shares isa like I did
September 16th, 2011 | 
Author: I chose to open stocks and shares isa with the company I’m working with because they gave me a wide range of options to choose from, and I’ve got an allowance that is otherwise going to waste every year. That allowance can be quite large – £10,800 for 2011/2012 and will be reviewed again in April of 2012, so I wanted to use it – also, because ISA’s are treated differently, a stocks and shares ISA doesn’t, in most circumstances, generate Capital Gains Tax on gains over 10k, which is a nice additional feature.Why does it work for me?I think one of the critical questions I had to ask myself was what I’d do with the money otherwise. I didn’t have to do repairs on my house this year, and I bought a new car last year, so I had an excess of money that could be invested – I chose to open stocks and shares isa’s because it made the most sense – not only was my money invested and I had a use for it, but I was also making it work. My favourite aspect of it is that I get to choose from a range of stocks to invest in – and while I know that stocks aren’t guaranteed to make me money, it’s broadly a better return than straight interest at present.
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