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General Investment Accounts

Here at SMH Financial Services. We are able to use GIA solutions to help you achieve your financial goals, reduce tax and maximise your returns.

What are General Investment Accounts?

A General Investment Account (GIA) is a type of investment account that allows you to invest your money in a range of assets, including stocks, bonds, and funds. Unlike an ISA, there are no limits on the amount you can invest in a GIA, and you can access your money at any time without penalty. However, the caveat is you won’t receive the tax benefits you would through an ISA or a Pension Scheme.

Benefits of  a General Investment Accounts

  • Flexibility: A GIA provides flexibility in terms of investment choices. Investors can select from a wide range of assets, including stocks, bonds and funds.
  • No Contribution Limits: There are no specific contribution limits imposed on GIAs, allowing investors to contribute as much as they wish. This flexibility can be beneficial for those who want to invest larger sums of money.
  • Liquidity: Investments held in a GIA are generally more liquid than certain tax-advantaged accounts. Investors can buy or sell assets without restrictions, providing quick access to funds when needed.
  • No Withdrawal Penalties: Unlike some retirement accounts, there are no penalties for withdrawing funds from a GIA. Investors can access their money at any time without facing penalties.
  • Tax Efficiency: While GIAs are subject to capital gains tax on any profits, they may offer some tax advantages. For example, individuals can use their annual capital gains tax allowance to offset gains, and they can also carry forward losses to offset future gains.
  • No Income Restrictions: There are no income restrictions associated with GIAs which makes them accessible to a broad range of investors regardless of their income level.

If you would like to arrange an initial meeting with one of our financial advisers to discuss investment options, please contact the SMH Financial Services team on info@smh.group or 01142 664 432.

The value of your investment can go down as well as up and you may not get back the full amount you invested.