Tax-Free Savings and Investments
Individual Savings Accounts (ISAs)
|Overall investment limit||£15,240|
|Junior ISA limit||£4,080|
- 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.