Best Investment ISAs

A Guide to the Best Investment ISAs Where You’re the Boss

Self-select investment ISAs allow everyday lenders to take control and actively manage their investments. If you enjoy monitoring your investment performance and knowing where your money is going, rather than leaving it to ‘set it and forget it’ algorithms, these types of ISAs are the ones best suited to you.

Over the last few years, developments in technology have led to a rise in online investment platforms, giving the retail investor access to opportunities that were previously unavailable. Combined with the tax-free earnings of an ISA, self-select ISAs are therefore the natural evolution.

Why choose a self-select ISA?

Unlike investment tracker platforms, which spread your funds across an entire index or asset class, self-select ISAs let investors take full control. You can do your own research and capitalise on your knowledge of particular sectors or companies.

Similar to traditional ISA products, self-select ISAs allow investment of up to £20,000 to be made per year, with all future earnings left to grow tax-free, with no income or capital gains tax. This means the possibility of earning great compound interest is even higher.

What are the different types of self-select investments ISAs available?

Self-select ISAs allow investment into a range of different types of financial products including individual shares, peer-to-peer business loans, bonds, investment trusts, unit trusts and gilts.

The fees on self-select investment ISAs can vary, depending on whether the platform requires investors to engage with a broker or provide an execution-only service. Typically, those relying on an execution-only charge less.

Crowd2Fund – Innovative Finance ISA (IFISA)

Crowd2Fund is the one of the only existing self-select Innovative Finance ISA (IFISA) on the market for business loans, providing the accounts, website and director LinkedIn profiles of the businesses for you to assess. Lending funds to this asset class can help the economy grow, as well as offering high levels of return. The platform has a range of new, live opportunities to invest in, with APRs from 6 to 15%.

Other self-select providers offering self-select ISAs which invest in business loans: LendingCrowd, ArchOver.

Hargreaves Lansdown – Stocks & Shares ISA

Barclays Smart Investor – Investment ISA

Scottish Friendly – My Choice (ISA) – Stocks and Shares ISA

This article was published in collaboration with Crowd2Fund.

Originally Published: Tuesday, April 2nd, 2019
Updated: Tuesday, April 2nd, 2019

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