With self select ISAs, you can protect a range of shares and funds from the Inland Revenue, including unit trusts, open-ended investments, gilts and bonds. And even if you are worried you do not have the know-how for self select ISAs, stock brokers will manage self select ISAs for you. From 1 July 2014, you can invest up to £15,000 in self select ISAs.
It depends on which of the self select ISAs you go for, but benefits include:
- Less risk due to the range of investments
- Online trading
- Access to market commentary and news
- Ability to set price limits and view your portfolio 24 hours a day
- Ability to pay-in and withdraw funds as often as you like, as long as you don't go over your annual £15,000 limit