Individual Savings Accounts (ISAs)
Individual Savings Accounts (ISAs) 2017/18
|Overall investment limit||£20,000|
|Junior ISA limit||£4,128|
|Help to Buy ISA monthly subscription limit (initial deposit limit £1,000)||£200|
|Lifetime ISA annual subscription limit||£4,000|
- 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.