The words Stocks and Shares ISA are presented on screen as the video starts. The video is animated with various scenes providing illustrations and metaphors for the narration.

A Stocks and Shares ISA offers a simple and tax-efficient way to grow your money for the future.

It’s not an investment in its own right, it’s a type of account.

And it’s special because when you buy investments within an ISA you shelter them from UK tax.

This means that if your investments grow, you won’t have to pay capital gains tax on any future profits.

And if you’re investing for income, you won’t pay UK income tax either, which means you could save thousands of pounds in tax over the long term.

But remember tax rules change and benefits depend on individual circumstances.

You have the flexibility to take money out whenever you need to, but because of the excellent tax benefits, the government limits how much you can put into ISAs each tax year.

This is known as the ISA allowance, it changes from year to year, but for the current year you can pay in up to £20,000 and you have until the 5th of April to use this or you’ll lose it.

How you choose to use your ISA allowance is up to you.

You can invest it all in a Stocks and Shares ISA, or you can spread your allowance between any combination of the other ISAs available, including Cash, Innovative Finance and if eligible, Lifetime ISAs.

A Stocks and Shares ISA gives you the freedom to invest in a wide range of investments, including funds and UK and international shares and bonds.

You can also hold cash, so you can secure your valuable tax break now, and then chose the investments when you’re ready.

If you’re looking for a simple and tax-efficient way to save for the future, a Stocks and Shares ISA is an excellent option.

You can start investing with a lump sum of £100 or £25 per month.

Unlike cash, investments can fall as well as rise in value so you could get back less than you invest. Tax rules can change and the tax benefits of ISAs will depend on your circumstances. This video isn’t personal advice, if you’re not sure whether an investment is right for you, please contact us for advice.