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An ISA (Individual Savings Account) is a savings account available to UK residents on which the return is tax-free and which need not be declared on the investor’s tax return. All income (dividends and interest) and all capital gains within the account are free of tax. For the current year, 6 April 2024 to 5 April 2025 the overall investment limit is £20,000 (excluding the British ISA which has a separate £5,000 limit).

 

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Citywire - The reinvention of Terry Smith

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By Citywire, Dylan Lobo

When Terry Smith launched his boutique back in 2010 not everyone was convinced he could make it in the funds world. 


Smith - one of the City’s pugnacious characters who described himself as a ‘come-forward boxer’ in an interview with Citywire when FundSmith launched - had previously carved out his success in the broking world as chief executive of Tullett Prebon.

 
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