Your standard account can be used if you don’t want to save within an ISA, or if you’ve saved £20,000 into your ISA this tax year (April 6th to April 5th the following year).
With a standard account, you won’t get any extra benefits (such as tax-free saving), but you don’t have to worry about paying tax until you sell your investments, and typically only if you’ve made more than £3,000 in profit (you might pay up to 20% tax).
Note: the government could change these tax rules in the future, and your overall tax treatment will depend on your individual circumstances.
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By making an investment, your capital is at risk. The value of your investments depends on market fluctuations outside of our control and you may get back less than you invest. Past performance is no indicator of future performance. The tax treatment of an ISA and a pension depends on your individual circumstances and may be subject to change in the future. You should seek financial advice if you are unsure about investing.
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Beach (Beach Finance Ltd) is authorised and regulated by the Financial Conduct Authority (1010244), and registered in England and Wales (14969609).
