Savings and Investments
ISAs
Individual Savings Accounts (ISAs) | |
---|---|
Overall investment limit | £10,200 |
Including cash maximum of | £5,100 |
Notes
- Investments in ISAs are free of income tax and capital gains.
- 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.