Savings & Investments
Individual Savings Accounts (ISAs)
ISAs 2014/15 To 30 June 2014 From 1 July 2014
Overall Investment limit £11,880* £15,000
Junior ISA limit £3,840 £4,000
*Including cash maximum of £5,940
- Investments in ISAs are free of income tax and capital gains tax.
- Those aged 16-17 can invest in a cash ISA, in addition to a Junior 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.
- Transitional rules may apply.