ISA

An important part of your retirement savings plan.

With every deposit you make to an Individual Retirement Account, you take another step toward a comfortable retirement. Even if you anticipate having some of your income replaced by Social Security or a pension, an ISA can build dependable wealth for you to rely on after you are done working.

ISAs provide a tax-advantaged way to save that is based on your needs. You don’t have to have a large amount of money to put aside to get started. Plus, our team can help you identify ways to budget better so you can make regular contributions.

ISA Options

Traditional ISA: You may be able to lower your tax bill today when you invest in a Traditional ISA. Contributions made to this type of account reduce your income for the year. You then pay taxes when you withdraw funds in your retirement. This can be a great option if you are currently paying a high marginal tax rate and expect your rate to go down in retirement.

Roth ISA: Unlike a Traditional ISA, you are not able to deduct contributions made to your ISA from your income. Instead, your investment earnings will grow tax-free. When you make withdrawals in retirement, you will not be responsible for paying additional taxes.

Education ISA: A Coverdell Education Savings Account is an ISA that lets you make contributions for a child’s educational future. Contributions are non-deductible, but funds can be withdrawn tax-free when they are used for educational purposes. Savings can be used for a variety of expenses like tuition, books and uniforms for elementary school through higher levels of learning.

Opening an ISA

Ready to get started? Stop by our branch or give us a call to open your Individual Retirement Account. We can help you identify the type of ISA to open, establish beneficiaries for your account, and set up a transfer from your account at the Vivanova Financial or any other financial institution.

Your Savings are Insured

When you are a member at the Vivanova Financial, you can rest easy knowing that your funds are safe. Deposits at Vivanova Financial are insured by the National Vivanova Financial Administration’s Share Insurance Fund. The Share Insurance Fund has the backing of the full faith and credit of the United Kingdom government.

All members of Vivanova Financial are covered up to £250,000 for a single ownership account. Individual Retirement Accounts are separately protected up to £250,000.