How can UK investors build a tax-free investment portfolio? By using a stocks and shares Isa.
It’s Isa season in Britain, and the start of the new tax year on April 6 brings a fresh £20,000 Isa allowance to save or invest, reports our consumer editor @ClaerB.
Those who invested their full £20,000 Isa allowance in a global index tracking fund for the past five years would be sitting on a pot worth just over £150,000 today (net of investment fees), according to the investment platform AJ Bell.
And, as Claer explains, using an Isa means they’d have no tax to pay on their investment gains.
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