We do not advise on investments however; we use an investment specialist. He will review all your existing investments in line with your current risk profile and ensure that the charges and performance are competitive. He will also advise you on suitable investments to meet your current needs.
ISA is short for Individual Savings Account. If you save or invest in an ISA, all the return on your investment is tax free. This is not the case with, for example, an ordinary bank or building society account unless you are a non-taxpayer.
ISAs were introduced on 6 April 1999 and will be around for the foreseeable future. The maximum you can invest in any tax year is limited to a certain level. The limit is £15,240 in the tax year 2016 - 17. A tax year runs from 6 April to 5 April in the following year.
You can put money in and take it out whenever you want with cash ISAs however, there may be some restrictions on other forms of ISAs.
The ISA scheme provides different ways of saving to meet different people's needs. As an ISA is not for a specific term you can plan for the short term, or put your money away for much longer.
There are many other products to invest in such as Onshore / Offshore Bonds and Investment Trusts. Investment planning is very complex because you must consider the tax implication of the investment you are making.
Seeking financial planning advice before making an investment is very important.