Cash ISA Allowance
The cash ISA allowance increases with inflation, so each tax year it will be higher than the last, depending on the level of inflation in September of the previous year. This means that you'll be able to make the most of your tax-efficient cash ISA allowance even more than ever, protecting even more of your money from income tax.
The ISA allowance for the 2017/18 tax year is £20,000.
See below to compare a range of the latest deals, and put your cash ISA allowance to good use.
|Provider||Plan Name||Deposit Taker||ISA Option||Term||Maximum Potential Return||More Info|
|FTSE 100 Kick Out Deposit Plan||Investec Bank plc||Up to|
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Cash ISA Allowance 2017-18
The 2017/18 cash ISA allowance is £20,000 and Cash ISA allowances are per individual - so a couple have a combined cash ISA allowance of £40,000 per year.
What kind of cash ISAs are available?
- Instant access cash ISA - lets you to withdraw your money quickly and easily whenever you need it.
- Easy access cash ISA - lets you to withdraw money within set boundaries. For example, you might be limited on the number of withdrawals you can make in a year.
- Fixed rate cash ISA - does not let you withdraw money for the term of the ISA. These accounts are intended to provide a better rate of interest in return for locking you money away for a set period of time. However, this is not always the case, so make sure you research all your cash ISA options before making a final decision.
- Structured deposit cash ISA - offers you the potential for higher returns than you'd usually receive with an instant access or fixed rate cash ISA. Your capital is protected up to a value of £85,000 by the FSCS. Your returns will be linked to the performance of an Index, usually the FTSE 100. If the Index performs well, you'll receive your capital back at the end of the term plus any income earned. If your investment doesn't perform well you may receive no income, but your initial capital will be repaid in full.
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.