Hello, I am Clare, Savings and Investments Director
at Smart Investor, and I am going to explain
what you can invest in within an investment ISA,
also, sometimes referred to Stocks and Shares ISA.
Please be aware though that we can not offer personal advice
so if you do not feel confident about
making an investment decision on your own,
do seek independent financial advice.
You can hold a wide range of assets
in a tax-efficient ISA wrapper.
All types of investment funds, such as unit trusts,
open-ended investment companies, investment trusts
and exchange traded funds can be held in an investment ISA.
You can also invest in government and corporate bonds,
as well as the shares of individual companies.
If you do not use your ISA allowance this tax year,
you can not roll it over to the following year.
So, if you are not sure what to invest in,
but do want to put some money into your ISA
so you do not lose your allowance,
you can keep it as cash and then invest it at a later date.
Just remember that you do not currently earn interest
on any cash held in your Smart Investor investment ISA.
The investments you choose will
depend on your own circumstances,
the amount of risk you are comfortable with,
and your financial goals.
The benefits of investing within an ISA is
that any capital gains you make
or income you receive is tax-free.
This may not be the case if you invest outside of an ISA.
We've got loads more information
about ISAs and investing on our website,
so take a look and discover everything you need to know.