Savings and Investments

ISAs

Individual Savings Accounts (ISAs)
Overall investment limit £10,680
Including cash maximum of £5,340

Notes

  1. Investments in ISAs are free of income tax and capital gains tax.
  2. Those aged 16-17 can invest in a cash ISA.
  3. ISAs allow you to take your money out at any time without losing tax relief and furthermore you are not required to declare income and capital gains from ISA savings.
  4. A new tax-free Junior ISA will be available from Autumn 2011.