Best Mini ISA

Find the best ISA deals...

The best mini ISA (Individual Savings Account) has now become either the best cash ISA or the best stocks and shares ISA, because Mini and Maxi ISAs were reclassified by the Government on April 6 2008.

Previously, the tax free allowance for an adult was £7,000 per year; up to £3,000 of this allowance could be invested in cash, either in a Mini Cash ISA or the cash component of a Maxi ISA. The remainder of the tax free allowance could then be invested in stocks and shares, either using the remainder of a Maxi ISA or into a Mini Stocks and Shares ISA.

From 6 April 2010 the tax free allowance for an adult is £10,200 per year, up to half of which (£5,100) can be invested into a Cash ISA.


To compare deals from some of the leading providers in the UK, use the table below and find an alternative to the best Mini ISA for your requirements:


 Product NameISA OptionIncome YieldMore Info
FTSE Income Planyes6.75% pa* 
6 year structured income plan with a fixed annual income return of 6.75%
Investec FTSE 100 Bonus Income Planyes6.50% pa* 
5 year structured investment plan with annual or monthly income options. Potential for additional bonus payments.
5 Year FTSE 100 Income Deposit Plan Option 2yes4.50% pa* 
5 year capital protected deposit plan with an annual yield of 4.50% or a monthly yield of 0.36%. The plan can be used for cash ISA investment or cash ISA transfer.
Schroders Monthly High Income Fundyes
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The Schroder Monthly High Income Fund aims to generate a high income, whilst not compromising capital, by investing in a diversified basket of fixed income securities. 100% Discount off Initial Charges.
Invesco Perpetual Monthly Income Plus Fund ISAyes
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Popular monthly income fund that aims to achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities. 100% discount on initial charges.
Henderson Strategic Bond Fundyes
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The aim of this fund is to deliver a quarterly income to investors by investing in higher yielding assets, which will include most types of fixed interest securities such as high yield bonds, investment grade bonds and government gilts, as well as having the ability to invest a proportion of the fund in equities. Income is paid to you quarterly.
Schroders Income Maximiseryes
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The Schroder Income Maximiser Fund ISA aims to deliver a target income yield of 7% pa, also providing potential capital growth. Income is paid to you quarterly. 100% Discount off Initial Charges.
Invesco Perpetual Corporate Bond ISAyes
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This highly popular fund aims to achieve a high level of overall return with relative security to capital. Income Paid to you twice yearly. Up to 100% Discount off the Standard Initial Fund Charge.
Artemis Income ISAyes
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One of the leading UK Equity Income Funds. The Fund managers hunt out companies with strong free cash flow and solid balance sheets. Income is paid to you twice yearly. 100% Discount off the Standard Initial Fund Charge.
Jupiter Corporate Bond Fund ISAyes
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The Jupiter Corporate Bond aims to achieve a high level of income with the opportunity for capital growth, through mainly investing in fixed interest securities. Income is paid to you twice yearly. 87.5% Discount off the Standard Initial Fund Charge.
Invesco Perpetual High Income Fund ISAyes
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One of the UK's most popular income fund ISAs the Invesco Perpetual High Income has delivered consistently good long term returns through a variety of market conditions. Income is paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge.
M&G Corporate Bond ISAyes
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The M&G Corporate Bond Fund is a conservative ‘blue chip’ sterling fund that aims to produce a higher return than UK government bonds. Income is Paid to you Quarterly. 100% Discount off the Standard Initial Fund Charge.
Jupiter Merlin Income Portfolioyes
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The Jupiter Merlin Income Portfolio fund aims to achieve a high and rising income with some potential for capital growth. Income Distributions are made to you quarterly. 95% Discount off the Standard Initial Fund Charge.
* See details.
†† Income payments are dependent upon the FTSE 100 Index.
Disclaimer (Please Read)

So if you were looking for the best Mini ISA, you will now want to decide whether you want to invest in cash, stocks and shares, or both, if you already had a Mini Cash ISA, it will automatically become a cash ISA and if you already had a Mini Stocks and Shares ISA, it will automatically become a stocks and shares ISA.

The new rules surrounding ISAs are: 

  • Cash ISA: You can invest up to £5,100 (from 6 April 2010), tax free, per year, with one provider
  • Stocks and Shares ISA: You can invest your entire allowance - £10,200 (from 6 April 2010) - tax free, per year, or if you already have a Cash ISA, you can invest the remainder of your allowance, either with the same provider or a different one.


Important Note: ISAs are designed as medium to long term investments of, for example, five years or more. For investment ISAs both capital and income values may fall as well as rise and are not guaranteed and you may not get back all the money you invest. Please note that tax laws can change over time and can affect your investment. If you are in doubt you should speak to a financial adviser.

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