Don't invest unless you are prepared to lose all the money you invest. These are high-risk investments and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Don't invest unless you are prepared to lose all the money you invest. These are high-risk investments and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Unlike traditional Cash ISAs and Stocks and Shares ISAs, an IFISA allows investors to participate in alternative investments, such as Downing Bonds, whilst earning tax-free returns - an attractive prospect for those who may have already maximised their personal savings allowance for the year (£1,000 for basic tax payers, and £500 for higher-rate tax payers).
An IFISA does not reduce the risk of the investment or protect you from losses, so you can still lose all your money. It only means that any potential gains from your investment will be tax free.