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What’s the difference between an ISA and a General Investment Account?

The main difference between an ISA and a General Investment Account is that there are no tax benefits when investing in a GIA. When you sell an investment within a General Investment Account, whether to make a withdrawal or to switch underlying investments, you may need to pay capital gains tax, depending on your circumstances.

Our General Investment Account is designed to help you reach your financial goals, call us on 0191 625 0350 and our friendly team will talk you through your options or answer any other questions you may have.

With investing your capital is at risk. Investments can fluctuate in value, and you may get back less than you invest. Tax is subject to an individual’s personal circumstances, and tax rules can change at any time.

If you need more information or have any further question, and you are not already a client with True Potential, you can speak to our friendly team on 0191 625 0350 available 7am-8pm weekdays.