Savings and Investments
|Individual Savings Accounts (ISAs)|
|Overall investment limit||£11,520|
|Including cash maximum of||£5,760|
- Investments in ISAs are free of income tax and capital gains tax.
- 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.
- The annual investment limit for a Junior ISA is £3,720.