2 answers
★ Best answer
If you have income and you're ready to invest for at least three years, an IIS still makes sense - the 13% deduction on your contribution or tax exemption on profits hasn't gone anywhere. The maximum deduction amount isn't huge, of course, but over three years it adds up pretty nicely, especially if you top up the account regularly. The main thing is to calculate your actual tax benefit carefully and make sure you don't close the account before the required period, otherwise you'll have to pay back the benefits.
Overall, the benefits haven't gone anywhere - the deduction on contributions and the exemption from capital gains tax still work. It makes sense to open one if you're planning to invest for at least a few years, because the whole point is the long term. Check the terms at your bank, because they might have their own restrictions or fees, but the scheme itself remains profitable.
Your answer
Log into answer.