ISAs (Individual Savings Accounts) are provided by the Government as a way of encouraging people to save. In a normal savings accounts you are taxed 20% of your returns, or a higher percentage if you pay higher rate taxes.
However, ISA accounts allow you to save up to £7,200 per tax year (either £3,600 an a cash ISA and £3,600 in a stocks and shares ISA, or the full £7,200 in a stocks and shares ISA) and pay no tax on the dividends or interest earned. You can add your annual allowance to your ISA account every year to build up your earnings.
Virgin offer a range of stocks and shares ISAs. One of its well known ISAs is The Virgin Climate Change ISA. This account invests in businesses that are environmental leaders in their industry and Virgin believe have the potential for outstanding profit growth. Virgin has been quick to recognise pollution taxes that are imposed on heavy polluting companies and believe that by investing in greener businesses that have a smaller carbon footprint they can help your investment to grow.
However, ISA accounts allow you to save up to £7,200 per tax year (either £3,600 an a cash ISA and £3,600 in a stocks and shares ISA, or the full £7,200 in a stocks and shares ISA) and pay no tax on the dividends or interest earned. You can add your annual allowance to your ISA account every year to build up your earnings.
Virgin offer a range of stocks and shares ISAs. One of its well known ISAs is The Virgin Climate Change ISA. This account invests in businesses that are environmental leaders in their industry and Virgin believe have the potential for outstanding profit growth. Virgin has been quick to recognise pollution taxes that are imposed on heavy polluting companies and believe that by investing in greener businesses that have a smaller carbon footprint they can help your investment to grow.
