Don’t forget that you have a £20,000 Annual ISA allowance that starts every 6th April each tax year.
A cash ISA may seem the safest option but the rising cost of living could be eroding the value of your savings if the interest you are earning is eclipsed by the rate of inflation.
Investing in a stocks and shares ISA means taking some risk with your cash in the expectation that it will grow faster. Investing early each year allows you to benefit from the current years tax break in full. Thus enjoying this years immediate tax free allowance for the full year full inside your ISA’s (rather than waiting until the end of the year to invest). Also, You might consider buying now at the current low stock prices, due to Trumps tariffs and the recent market fall.
Keep in mind that investments are always a risk and you can get back less than you initially put in. It’s important to check that your investments match your risk appetite and capacity for loss and a Financial Adviser can help to guide you through this.