ISAs and SIPPs are two of the UK's best-kept investment secrets. According to figures from HM Revenue & Customs, £200.6 billion was invested in cash ISAs and £190.3 billion was invested in stocks and shares ISAs and PEPs during 2011. During the tax year of 2011-12, one in every four people in the UK bought an ISA and one in every thirty subscribed to a stocks and shares ISA.
How to Make Money in ISAs and SIPPs, written by investment expert Stephen Sutherland, is the first book of its kind to focus on how to secure a richer retirement using the UK's two top tax shelters; ISAs (Individual Savings Account) and SIPPs (Self-Invested Personal Pension). It's the ultimate guide for 'affluent' DIY investors approaching retirement, or in retirement looking to achieve better returns. Sutherland explains how ISAs and SIPPs can boost your returns, create a tax-free income for life and reduce the risk of running out of money during retirement. "All adults with savings or investments should have an ISA or SIPP" says Sutherland, "otherwise they are simply handing money to the taxman needlessly."
With a foreword by Richard Koch (author of The 80/20 Principle) Sutherland says now is a prime time to invest: "With the 2014 ISA season rapidly approaching, now is a perfect time to be thinking of investing in the UK's most popular tax shelter. Any gain you make on your cash whilst it sits in the ISA wrapper will be completely tax-free. The best time to invest can often be when it feels the most difficult to do so. If history does repeat itself, the next ten years is probably going to be a decade of outperformance – which means that now could be a perfect time to be investing, as long as you are doing so for the long haul."