Investing - small change value

[fourstardan]

Whats the best investment for 2k?

Just got bonus and have a bit left over.

This sounds ridiculous but my old boy has just retired, i was thinking I could gift him the money to stick it in his S&S Isa he has on the go but presumably he'd get taxed the other side when it grows?

[crmcatee]

ISA's are tax free investments so why would he get hit when he withdraws.

[R6VED]

As has already been partly covered, there is no income tax or capital gains tax on any gains or income from an ISA.

You could set up your own S&S ISA as opposed to putting it into your Dad's, which doesn't seem to serve any purpose on the face of things. An S&S ISA is generally (but not always) the first port of call for anyone looking to invest, mainly due to the tax advantages.

I run a wealth management company, so like to think I speak from a position of some knowledge.

[fourstardan]

R6VED said:

As has already been partly covered, there is no income tax or capital gains tax on any gains or income from an ISA.

You could set up your own S&S ISA as opposed to putting it into your Dad's, which doesn't seem to serve any purpose on the face of things. An S&S ISA is generally (but not always) the first port of call for anyone looking to invest, mainly due to the tax advantages.

I run a wealth management company, so like to think I speak from a position of some knowledge.

Thanks guys....

Whats the average sort of return i'd see on a S&S ISA? say on Risk level 3-4