Savings and Investments
ISAs
| Individual Savings Accounts (ISAs) | |
|---|---|
| Overall investment limit | £10,680 |
| Including cash maximum of | £5,340 |
Notes
- Investments in ISAs are free of income tax and capital gains tax.
- Those aged 16-17 can invest in a cash ISA.
- 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.
- A new tax-free Junior ISA will be available from Autumn 2011.