Savings and Investments
ISAs
Individual Savings Accounts (ISAs) |
Overall investment limit | £11,280 |
Including cash maximum of | £5,640 |
Notes 1. Investments in ISAs are free of income tax and capital gains.
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. The annual investment limit for a Junion ISA is £3,600.