About ISAs & ISA Rules
Check whether your cash ISA interest rate includes a bonus - be ready to transfer when it ends
- ISA investment limits
The annual limit on tax free ISA investments is £7,200. A maximum of £3,600 can be saved in the cash component with every pound saved in cash being a pound less that you can save into equities. This proportion can be adjusted depending upon the levels of risk and return you are looking to take [More ...] - ISA transfer rules
If the rate you are receiving on your cash ISA is no longer competitive, you are permitted to transfer the account to another provider without losing the tax-free benefits. In some cases, however, the transfer process can take several months with no guarantee that the rate that incentivised you to change provider will still be available [More ...] - ISA tax advantages
Any investment growth within the cash ISA wrapper is free from taxation. This includes capital gains tax (CGT). For equity ISAs both standard-rate tax payers and higher-rate tax payers are liable to pay 10% tax on dividend yields if this is a component of the investment. For higher rate tax payers, this 10% level is considerably less than the 32.5% that would be deducted from non-ISA dividend payments [More ...] - ISAs and age
Anyone over the age of 16 can open a cash ISA account. Investors must be aged at least 18 years old to hold stocks and shares ISAs. There is no upper age limit on ISA holdings and the savings can be withdrawn at any time, with many cash ISAs offering instant access. Some individuals use their annual ISA allowance to save for their retirement [More ...]