Individual Savings Accounts (ISAs)
These are tax efficient investment vehicles.
It is important to understand that they are all different. They can range from the most speculative of shares in emerging economy stock markets, to cash in the Bank.
However the Government favours the use of ISAs for equity based investments (stocks and shares), (hence the lower limit for Cash ISAs).
The aim when using ISAs is to move your investments from a taxed environment into a more tax efficient environment, and to ensure that new investment funds are invested, from the outset, in a way that minimises tax.
Investment Limits
Up to £7200 per year, of which up to £3600 can be to a Cash ISA.
Historic Notes (existing ISAs and PEPS).
Maxi and Mini ISAs, and PEPs - this complexity no longer applies. Any existing pre-April 2008 ISA is now just an ISA, and any PEP is now an ISA.
Last updated on April 21, 2008