Savings and Investments
ISAs
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Individual Savings Accounts (ISAs)
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|---|---|
| ISAs 2015/16 | |
| Overall investment limit | £15,240 |
| Junior ISA limit | £4,080 |
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.