Are ISAs past their best-before dates?

The role of Individual Savings Accounts (ISAs) has changed since they were launched over 20 years ago, so are they still worth having?

The role of Individual Savings Accounts (ISAs) has changed since they were launched over 20 years ago, so are they still worth having?

Since ISAs were introduced in April 1999 the ISA portfolio has been extended to include:

Despite the proliferation of ISAs, sales remain dominated by the two basic variants launched in 1999 – the cash ISAs and stocks and shares ISAs. However, tax changes in recent years have called the value of both into question:

So, are ISAs past their best-before dates? For some investors, they probably are, particularly if savings are modest. For others, ISAs can still offer benefits:

The value of your investment and the income from it can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. 

Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.

The value of tax reliefs depends on your individual circumstances. Tax laws can change. The Financial Conduct Authority does not regulate tax advice. 

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