Everything you need to know about Isas

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 16 March 2018

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s not long before the door slams shut on your chance to use this year’s Isa allowance.

It’s always best not to leave Isa saving or investing until the last month of the tax year, but many of us will do so.

If you do end up fixing your Isa against the deadline, it’s definitely wise not to leave it to the last week – or even the final few days.

So, here is our special Isa podcast – with a comfortable three weeks to spare before the 5 April tax year end. In it, Simon Lambert, Rachel Rickard Straus and Georgie Frost dive into everything you need to know about Isas, from cash, to stocks and shares, and Innovative to Lifetime.

The podcast tackles the basics and also tips for those who are experienced Isa savers or investors.

It also looks at why investing is the best way to get inflation-beating returns over the long term, how savers can eke some precious extra interest from accounts, and why an Isa is worth having.

Transcript

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0:00.0	Welcome to This Is Money podcast in partnership with NS&I, your weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their award-winning website.
0:13.2	I'm your host, Georgie Frost, and joining Simon Nye today is personal finance editor Rachel Rickard Strauss.
0:19.2	And this week, we've an ICA special. You've just a few weeks
0:22.6	to go until the 20,000 limit for this financial year comes to an end and poof, vanishes forever.
0:28.9	So whether you're a novice or old hat at this, with tips on what you need to know and what
0:33.3	you should be doing, but with the new personal tax allowance and crumbling cash rates.
0:38.4	Well, surely they aren't worth it anymore and aren't ISIS just for rich people?
0:42.7	Well, no, say the team.
0:44.3	But because, well, this wouldn't be a this is money podcast without a but, Simon says,
0:49.3	the system could do with a bit of a rethink.
0:51.3	All that and plenty more coming up.
0:53.2	Don't forget, you're up to date with the latest. Breaking Money News, just go to this ismoney.com.com
0:57.0	UK or download the app.
1:00.3	This is Money. Brought to you in partnership with NS and I, giving you 100% security for your
1:06.5	savings, backed by HM Treasury.
1:10.0	Now use it or lose it. This week we're focusing on ISIS. Savers and investors have until the 5th of April to maximise their £20,000 tax-free wrapper before it refreshes again the day after. But are they really worth it anymore? Rates on cash-isis have plummeted in recent years and with a personal savings allowance
1:29.9	that came into play in April 2016, which has somewhat upstaged the ice of benefits.
1:35.8	But before we get into the nitty-gritty of how to make the most of the different types,
1:39.8	Simon, you think the current system also is right for change, but Rachel, in the broadest terms, coming to you first, if that's all right, very warm.
1:47.3	Welcome.
1:48.2	What is nicer?
1:49.7	How does it work?
	...

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