Savings and Investments
ISAs
| Individual Savings Accounts (ISAs) | |
|---|---|
| Overall investment limit | £11,280 |
| Including cash maximum of | £5,640 |
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.
- The annual investment limit for a Junior ISA is £3,600.