ISAs are a strong investment tool for many individuals. However, any investments does carry some risk, and you should carefully consider many factors before committing to anything:
- ISAs are designed as medium to long term investments. You should not invest in an ISA if you feel there is a good chance that you will need the money in the next 3 to 5 years.
- The value of your investment and the level of any income received from it can increase or decrease. There is no guarantee that your investment will grow. Your chances for growth increase over time so it is best to use this tool for medium to long term investments.
- The tax efficiency of ISAs is based on current tax law. There is no guarantee that tax rules will remain the same.
- If you choose an international trust, changes in exchange rates may cause the value of your investment to increase or decrease.