ISA Accounts
ISA Accounts
An ISA, or Individual Savings Account, can be either a Cash ISA or a Stocks and Shares ISA. There is now a wide selection of both Cash ISAs and Stocks and Shares ISAs available, with banks, building societies and financial companies from across the UK offering them as part of their product portfolio.
Benefits of ISA accounts include:
- No tax on income arising from your ISA
- You do not have to declare any income or pay any tax on any capital gains arising on your ISA
- If you have an ISA backed life insurance policy, your insurer does not have to pay tax on income and capital gains on investments used and you pay no tax when the policy pays out.
The ISA accounts typically follow rates of interest that are close to the Bank of England base rate, and come in a variety of formats that are designed to tailor to the needs of different customers.
Examples of these include:
Compare ISAs by using the table below:
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