Individual Savings Accounts (ISA) and New ISA (NISA)

Historically investors have been able to invest in two separate ISAs in each tax year; a cash ISA and a stocks and shares ISA.

The income from ISA investments is exempt from income tax. Any capital gains made on investments held in an ISA are exempt from capital gains tax.

ISAs are allowed to invest in cash (including bank and building society accounts and designated National Savings), stocks and shares (including unit and investment trusts). From 1 July 2014 it will be possible to invest in a wider range of securities including certain retail bonds with less than five years before maturity and Core Capital Deferred Shares issued by building societies will become eligible to be held in a NISA.


ISA Limits 2018/2019

In the 2018 to 2019 tax year the maximum you will be able to save in ISAs is £20,000.

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