New tax year planning

It’s a new tax year and you’ve got new tax-free allowances to use, including a new £20,000 ISA allowance.

Remember, the value of investments can fall as well as rise and you may get back less than you invest. Tax rules can change in the future and their value to you will vary depending on your individual circumstances. We don’t provide personal tax or investment advice, so if you’re unsure about anything, seek independent advice.

What’s the ISA allowance?

It’s a set amount you can put into an ISA (Individual Savings Account) each tax year. In the current tax year, it’s £20,000; which you can use any time between now and 5 April 2019.

Take a look at our insights and resources to help you decide whether you should use your allowance:

However, there are other key tax-free allowances that are available, including the personal savings allowance, the dividend allowance and the capital gains tax allowance, which mean that some returns you make would not be taxed outside of an ISA either. You should fully consider your options before deciding whether using your ISA allowance is right for you.

If you’ve decided to make the most of your allowance with our Investment ISA, you can get started below.

Why use your ISA allowance with Smart Investor?

A Barclays Investment ISA on Smart Investor offers a tax-efficient way to invest in addition to a range of other benefits:

ISA flexibility

Any cash you withdraw from a Barclays Investment ISA can be replaced during the same tax year without counting towards your annual ISA allowance. However, if you sell investments to withdraw cash, you may lose money, as your investments could have fallen in value.

Access our Ready-made Investments

They offer a quick, simple and low-cost way to get started and diversify your holdings. Simply choose between our growth and income options to suit your goals and then select a level of risk you’re comfortable with. It’s as easy as that. However, Ready-made Investments aren’t for everyone. Some of our other investment options may be more appropriate for you.

Resources you can rely on

Find inspiration in our investment ideas and strategies, and take advantage of our experts’ views.

Barclays Price Improver™

You get the best price available from our selected Retail Service Providers (RSPs) every time you invest; 90% of qualifying deals1placed between 1 February 2017 and 1 February 2018 got a better price than the quoted price on the London Stock Exchange (LSE).

Thousands of investment opportunities

Covering funds, shares, gilts and bonds, Exchange Traded Funds (ETFs), Investment Trusts and new issues to help you build a portfolio that suits you.

Pay in today, invest tomorrow

You don’t have to make your investment decisions straight away. You can make your ISA contributions by adding cash now, and then deciding what you want to invest in later.

How to get started

If you want to use your ISA allowance with Barclays, here are your options:

Open an Investment ISA

If you’re ready to open an Investment ISA with Smart Investor and invest your annual allowance, you can get started today.

Depending on the accounts you have with Barclays, there are two ways to apply.

Top up your Investment ISA

If you’re a Smart Investor customer with an Investment ISA already, simply log in to your account and pay in.

Watch our video for a reminder on how to pay in to your account

Go for the cash option

If you’re looking to use some or all of your ISA allowance in a cash ISA, we have a range of options that could be right for you. But take a look at our cash saving vs investing infographic before making your decision, as saving cash and investing are two vastly different ways of accumulating wealth.

Transfer ISA holdings held elsewhere

If you want to transfer cash or investments held in ISAs elsewhere to a Barclays Investment ISA, you’ll need to open an Investment ISA with us first.

Once you’ve done this, you can transfer ISA holdings from elsewhere to your new Investment ISA within Online Banking. We’ll rebate any transfer-out charges you incur, up to a maximum of £500. You can view the terms and conditions of this offer here

Before you transfer, make sure you are aware of any transfer fees from your current provider, other costs that you might incur, disadvantages that you might encounter or any benefits you might lose. Transferring cash or investments held in ISAs won’t affect their tax-efficient status.

Free investment updates

Remember to register for our regular investment updates for the latest news, market insight and all things Smart Investor.

1 Applies to deals placed on the London Stock Exchange within a Barclays Investment Account and Investment ISA across the following asset classes - stocks and shares, Exchange Traded Funds, investment trusts and Real Estate Investment Trusts.

2 Barclays doesn’t offer innovative finance or lifetime ISAs.

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