Cash ISAs for Over 50s

Compare Cash ISAs for over 50s...

Cash ISAs for over 50s allow you to protect some of your savings from the taxman, maximising your money. You can save up to £20,000 in a cash ISA in the 2017/18 tax year.


Benefits of cash ISAs for over 50s

  • Simple to understand
  • accessibility is more flexible than that of pensions
  • tax-free if used as retirement income


Drawbacks of cash ISAs for over 50s

  • additional rate taxpayers receive 50% income tax relief on pension contributions, as opposed to 40% on cash ISAs
  • much lower annual contribution limits than pensions
  • entirely reliant on personal contributions
  • can affect pre-retirement benefit entitlement


Should I opt for a cash ISA over a pension?

Everyone has different savings goals – some of us are at the stage in life where we’re saving with retirement firmly in mind, while others have shorter-term goals. If this is the case, an ISA might be a good way to save some of your money for the short term.


However, it's best not to put all your eggs in one basket, so to speak, and most financial advisers would say that it's best to spread your money around when it comes to retirement savings. As with all investments, it’s best to seek independent financial advice if you’re unsure.


Make the most of the cash ISA for over 50s allowance by comparing some of the latest deals from leading UK providers.

Cash ISA Selection
ProviderPlan NameDeposit TakerISA OptionTermMaximum Potential ReturnMore Info
FTSE 100 Kick Out Deposit PlanInvestec Bank plcyesUp to
6 years


per annum

More Info >
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 5% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.
Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.

Whether you choose a cash ISA or Stocks and Shares ISA, or both, you won't have to pay a penny of tax on the interest you earn. Cash ISAs for over 50s offer a variety of features and interest rates, so make sure you're taking advantage of competition in the market by finding the best deal for you.


In the 2017/18 tax year you can save up to £20,000 under your ISA allowance.


Our free comparison service makes it easy to compare ISAs side by side to see which ones offer the best rates.

 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.