Have You Used Your HealthCare ISA Allowance?

We have partnered with a global investment fund provider to provide an ISA specifically geared to doctors - the HealthCare ISA. £15,000 of tax free money in a sector with remarkable long-term growth potential. Furthermore, there will be no initial investment or initial adviser fees on the HealthCare ISA!

Why Should You Invest In The HealthCare ISA?

First and foremost, it is really important to use your ISA allowance. If you do not use your ISA allowance in one tax year, it is gone forever. The current ISA limit for this tax year is £15,000 and, General Election permitting, it will be £15,240 in tax year 2015/16.

However the ISA is just the tax free wrapper. Equally important is where you invest the money - and this is why - with doctors in mind - we have designed the HealthCare ISA.

Health care investment funds performed extremely well in 2014 - perhaps as a result of promised new drugs and strong consumer demand. However, it is the long-term outlook that should attract investors - an ageing population in the developed world brings with it a need for more and more medical services and health products whilst at the same time the growing consumer classes of the emerging markets are becoming better able to afford improved medical care.

Health care related businesses are considered 'defensive' because they are usually better able to withstand economic down-turns - as expenditure on health is still a priority for people even if the long-haul tropical holiday or wide-screen TV has to be sacrificed in a recession. 

Heath care businesses have done extremely well in recent times which, in a relatively subdued market, is pretty impressive. Apart from the long-term fundamentals, recent gains have been as a result of new drugs, stong consumer demand, mergers and acquisitions in the sector and US president Barack Obama's health reforms.

However, it is the long-term dynamics that really should attract investors to the HealthCare ISA. Worldwide the average age is increasing - and of course, when people get older they spend more on medical products and services. The rise of the consumer classes in emerging countries with huge populations like China, Brazil and India will mean demand for medical services and products will increase further. 

Where Will The HealthCare ISA Be Invested?

This is a very niche sector and having a skilled fund manager to research companies is important. We have partnered with a global fund manager with a long track-record in investing in the healthcare sector. It is a broad-based healthcare fund investing in the full range of pharmaceuticals, medical devices and biotech. Remember also that healthcare is categorised in the Specialist Sector and doctors should only invest a small proportion of their liquid money in one sector - diversification is still key and any recommendations will have to be based on what is right for you and your overall financial circumstances.

If you would like an initial discussion or face-to-face meeting on where to invest your ISA allowance then please get in touch on richard.higgs@wealthwestmedical.co.uk or telephone 0117 966 5699.

Alternatively, why not reserve your place on the Annual Tax Efficient Investing For Doctors event on Monday April 13th at 6.30pm at Engineers House in Clifton by clicking here.















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