This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Mini ISAs

Find out what happened to Mini ISAs...

Mini ISAs no longer exist - they were reclassified under the new tax free savings rules that came into play on April 6 2008.

In the past, there were three types of ISA - 

  • Maxi ISA - You could invest up to £7,000 per tax year, either putting the whole amount into stocks and shares, or splitting between cash and stocks and shares, with a maximum investment of £3,000 allowed in the cash component
  • Stocks and Shares Mini ISA - You could invest up to £4,000 per tax year
  • Cash Mini ISA - You could invest up to £3,000 per year

But now there are just two types:

All eligible savers can invest in a cash ISA or a Stocks & Shares ISA, or it can be divided between the two types of ISA.

ISAs, like Mini ISAs used to, allow you to save cash or invest in shares without incurring income tax or capital gains tax on the investment or the interest it generates.

Click on the link below to see our top ISA deals in an easy to use comparison table:

 Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested.

Investments in Stocks & Shares ISAs do not contain the same degree of capital security as investments in deposits. Stocks and shares ISAs are designed as medium to long term investments of, for example, five years or more. 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.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.