ISA Allowances
ISA Allowances
ISA allowances provide for each adult in the UK to invest up to £7,200 per year in the form of cash, stocks and shares.
Different kinds of ISA offer different ISA allowances for exactly how you can invest your wealth:
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Cash ISAs: Invest up to £3,600 of your £7,200 allowance
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Stocks and Shares ISAs: Invest the entire £7,200, or if you have money in a Cash ISA, you can invest the remainder in a Stocks and Shares ISA
It can be worthwhile to take full advantage of the ISA allowances available to you, as the money invested benefits from:
- No tax on any income from the investment.
- No tax on any capital gains from the investment.
- No tax when the policy pays out.
For a selection of ISAs, get your FREE ISA Brochures, or see the table below:
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Please bear in mind that:
Investment ISAs are designed as medium to long term investments, for example at least five years.
The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
If you choose an index-tracking trust which invests overseas, exchange rate variations may cause the value of your investment to increase or decrease.
If you unsure what Investment ISA plan is right for you speak to an independent investment adviser.