Summary

​Introduction
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Individual Savings Accounts (ISAs) are a popular tax-free investment option in the UK. Timeline Planning provides advisors with the flexibility to model ISAs in various ways, including exceeding the real-life cap of £20,000 for testing scenarios. This article will guide you through how ISAs are modeled in Timeline Planning and what is required from the user.
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What is Required From The User
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To model an ISA in Timeline Planning, advisors can either link their client's investment account from one of the approved providers for live tracking or manually input the client's balance in an ISA.
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Alternative Ways to Use an ISA in Planning
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One other way of using an ISA that we generally recommend to most clients is to add in their tax-free investments into this investment account type. This is an alternative way to use the account as it would enable the advisor to view how their client’s plans would be with tax-free accounts that aren’t exactly ISAs.
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GIA to ISA Contribution
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Timeline Planning also enables the transfer of funds from General Investment Accounts (GIA) to ISAs. This feature is particularly useful for moving money into a tax-free investment. When you sell investment holdings from your GIA, it may trigger capital gains or losses. Transferring these funds to an ISA allows you to invest your money without incurring these tax implications.
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Conclusion
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Modeling ISAs in Timeline Planning provides advisors with a versatile tool for tax-efficient investment planning. Whether you're linking an existing account, manually inputting data, or exploring alternative tax-free investment options, Timeline Planning offers a comprehensive approach to managing ISAs and other tax-free accounts.