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Savings and Investments

ISAs


Individual Savings Accounts (ISAs)
  Aged under 50 Aged 50 and over*
Overall investment limit £7,200 £10,200
Including cash maximum of £3,600 £5,100

*Available from 6 October 2009

Notes

  1. Investments in ISAs are free of income tax and capital gains.
  2. Those aged 16-17 can invest up to £3,600 only, 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.