Savings & Investments
ISAs
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Individual Savings Accounts (ISAs)
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|---|---|---|
| ISAs 2014/15 | To 30 June 2014 | From 1 July 2014 |
| Overall Investment limit | £11,880* | £15,000 |
| Junior ISA limit | £3,840 | £4,000 |
*Including cash maximum of £5,940
Notes
- 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.
- Transitional rules may apply.