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.