Compare 2019/20 ISA Options

If you are looking to use your 2019/20 ISA allowance see our selected options for cash and investment based ISAs.

For cash we offer instant access isas and fixed rate options for 1,2,3 and 5 year terms. For instant access Aldermore are offering a 30 day notice deal at 1.30% AER. For fixed rate cash isas,   Cynergy Bank offer 1.62% AER on their 1 year fixed product with a minimum deposit of £500.

We also offer alternative isa deposit plan saving options for cash ranging from 3 to 7 year terms. We like the IDAD Callable Deposit Plan which offers either 7% pa or 2 x FTSE 100 Index Growth with a maximum 7 year term.

Deposit Plan Offer

Capital Protected Plan

7% pa or 2 x FTSE 100 Growth

Deposit Taker: Goldman Sachs International Bank

  • Up to 7 year term
  • 1.75% per quarter (7% pa) – if the Deposit Taker ends the plan early
  • 2 x FTSE 100 Index  growth (no cap) – if the plan runs for the full term
  • Available as cash ISA, non ISA or ISA transfer

More Plan Details »

Our view: If capital protection is a top priority, yet you still want to achieve high growth returns this plan from IDAD could be an interesting option.

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Investor Fund ISA Service

Investment Fund ISA Service

  • Wide range of UK and international investment funds
  • Ready made funds or pick your own
  • Ethical fund options
  • Open online in less than 10 minutes
  •  Access to expert independent ideas and analysis
  • Invest from £25 per month or £100 lump sum

L&G Investment Fund ISA Service »

CAPITAL AT RISK

For investment there are a range of options including isa funds which offer you the option of selecting your own funds based on attitude to risk, or allowing a specialist manager to invest on your behalf.

If you like more certainty about your investments then structured Investment plans which range from 5 to 10 years offer defined risk and defined returns.

Investment Plan ISAs - Growth

Plan Name

Mariana 10:10 Plan

Maximum Potential Return
13.47% pa
(alternative options: 8.20% or 10.94%)
Term
Up to 10 years
ISA Option

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Plan Name

Investec FTSE 100 Enhanced Kick Out Plan

Maximum Potential Return
10%
per annum
Term
Up to 6 years
ISA Option

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Plan Name

Dura Capital Credit Suisse FTSE 100 Defensive Autocall Plan

Maximum Potential Return
7.5%
per annum
Term
Up to 8 years
ISA Option

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Plan Name

Investec/Lowes 8:8 Plan

Maximum Potential Return
7.25%
per annum
Term
Up to 8 years
ISA Option

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Plan Name

Investec FTSE 100 Step Down Kick Out Plan

Maximum Potential Return
7.0%
per annum
Term
Up to 6 years
ISA Option

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Plan Name

Investec FTSE 100 Defensive Step Down Kick Out Plan

Maximum Potential Return
5.75%
per annum
Term
Up to 6 years
ISA Option

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Investment Plan ISAs - Income

Plan Name

Meteor FTSE Monthly Contingent Income Plan

Annual Income
Up to 7.5%
per year
Term
Up to 10 years
ISA Option

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Plan Name

Investec FTSE 100 Defensive Income Plan

Annual Income
Up to 6.8%
per year
Term
Up to 8 years
ISA Option

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Plan Name

Dura Capital Credit Suisse FTSE 100 Quarterly Income Autocall Plan

Annual Income
Up to 6.52%
per year
Term
Up to 10 years
ISA Option

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Investment Fund ISAs

Invest From
£20 per month or £100 single
Fund Choice
Managed, Tracker or Self-Select
ISA Transfers

Why we like it: Legal & General has over 9 million customers in the UK, and over £1trillion of assets under their management (as at 31st December 2018). Their Stocks & Shares ISA offers a wide range of investment options, whether you want ready-made funds, low cost index trackers, or the ability to pick your own. You can invest up to £20,000 this tax year, with a low minimum of £100 lump sum or £20 per month, and you can manage your account easily online. Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest.

Important information: Investment ISAs are tax-efficient wrappers for long term investments. Capital at risk. Charges may apply.  Tax rules may change in the future and whether particular tax rules benefit you, will depend on your individual circumstances. ISA transfer charges may apply, please check with your provider.

Invest From
£50 per month
Fund Choice
Over 140 providers and 3,000 investment options
Protection Scheme
FSCS
ISA Transfers

Why we like it: Invest from as little as £50 a month or with a £1,000 lump sum. Investment choice from over 140 fund providers, giving you access to 3,000 investment options. One low-cost service fee of 0.35%. Great service – from investment guidance on website through to UK-based phones team. PathFinder, Select 50, Investment Finder – investing tools for beginners to advanced investors. 24/7 access via online Account Management system.

Important information: Investment ISAs are tax-efficient wrappers for long term investments. Capital at risk. Charges may apply.  Tax rules may change in the future and whether particular tax rules benefit you, will depend on your individual circumstances. ISA transfer charges may apply, please check with your provider.

Invest From
£25 per month or £100 single
Fund Choice
40,000+ UK and global stocks
Protection Scheme
FSCS
ISA Transfers

Why we like it: An award-winning ISA that gives you complete control. The second largest platform in the UK with the widest choice of investment options in the market including funds, investment trusts, ETF’s and more. Open online in less than 10 minutes. Access to expert independent ideas and analysis. Low cost fees and trading

Important information: Investment ISAs are tax-efficient wrappers for long term investments. Capital at risk. Charges may apply.  Tax rules may change in the future and whether particular tax rules benefit you, will depend on your individual circumstances. ISA transfer charges may apply, please check with your provider.

Invest From
£25 per month or £100 single
Fund Choice
2,500+ funds
Protection Scheme
FSCS
ISA Transfers

Why we like it: Choose your own funds or alternatively a ready made portfolio. Market-beating savings and discounts of up to 5.5%. No charge to buy and sell funds. Low, tiered annual charges for holding funds, with a maximum of just 0.45% per annum. Free fund updates and analysis from experienced research team. Invest with a financially secure, FTSE 100 company.

Important information: Investment ISAs are tax-efficient wrappers for long term investments. Capital at risk. Charges may apply.  Tax rules may change in the future and whether particular tax rules benefit you, will depend on your individual circumstances. ISA transfer charges may apply, please check with your provider.

Invest From
£25 per month or £1.50 per deal
Fund Choice
Over 2,000 funds
Protection Scheme
FSCS
ISA Transfers

Why we like it: Deal from £1.50 and never pay more than £9.95 per online deal. Choose your own investments from over 2,000 funds, investment trusts and exchange traded funds. View your account online 24/7 and deal on the go with our mobile app. Regular savings option available.

Important information: Investment ISAs are tax-efficient wrappers for long term investments. Capital at risk. Charges may apply.  Tax rules may change in the future and whether particular tax rules benefit you, will depend on your individual circumstances. ISA transfer charges may apply, please check with your provider.

Share Dealing ISAs

Stocks & Shares ISA
Trade From
£4.95 frequent trader rate
£9.95 standard trader rate

AJ Bell YouInvest Share Dealing ISA Account 

Stocks & Shares ISA
Trade From
£5.95 frequent trader rate
£11.95 standard trader rate

Hargreaves Lansdown Share Dealing ISA Account 

Invest From
£25 per month or £100 single
Fund Choice
40,000+ UK and global stocks
Protection Scheme
FSCS
ISA Transfers

Why we like it: An award-winning ISA that gives you complete control. The second largest platform in the UK with the widest choice of investment options in the market including funds, investment trusts, ETF’s and more. Open online in less than 10 minutes. Access to expert independent ideas and analysis. Low cost fees and trading

Important information: Investment ISAs are tax-efficient wrappers for long term investments. Capital at risk. Charges may apply.  Tax rules may change in the future and whether particular tax rules benefit you, will depend on your individual circumstances. ISA transfer charges may apply, please check with your provider.

Cash ISAs

Account
Aldermore Bank 30 Day Notice Cash ISA
Interest Rate
1.30%
Gross/AER
Term
30 Day Notice
Minimum Deposit
£1,000
Account
Nationwide Instant ISA Saver Cash ISA
Interest Rate
up to 0.50%
Gross/AER
Term
Instant Access
Minimum Deposit
£1
Account
Halifax ISA Saver
Interest Rate
0.20%
AER (variable)
Term
Instant Access
Minimum Deposit
£1
Account
Santander Easy ISA
Interest Rate
0.20%*
AER (variable)
Term
Instant Access
Minimum Deposit
£1
Account
Lloyds Bank Cash ISA Saver
Interest Rate
0.20%
AER (variable)
Term
Instant Access
Minimum Deposit
£1
Account
Cynergy Bank Instant Access Cash ISA
Interest Rate
0.10%
Gross/AER
Term
Instant Access
Minimum Deposit
£500
Account
Aldermore Bank 3 Year Cash ISA
Interest Rate
1.70%
Gross/AER
Term
3 Years
Minimum Deposit
£1,000
Account
Aldermore Bank 2 Year Cash ISA
Interest Rate
1.60%
Gross/AER
Term
2 Years
Minimum Deposit
£1,000
Account
Aldermore Bank 1 Year Cash ISA
Interest Rate
1.50%
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Account
Cynergy Bank 3 Year Cash ISA
Interest Rate
1.50%
Gross/AER
Term
3 Years
Minimum Deposit
£500
Account
Cynergy Bank 2 Year Cash ISA
Interest Rate
1.45%
Gross/AER
Term
2 Years
Minimum Deposit
£500
Account
Cynergy Bank 1 Year Cash ISA
Interest Rate
1.40%
Gross/AER
Term
1 Year
Minimum Deposit
£500
Plan Name

Investec FTSE 100 6 Year Deposit Plan

Maximum Potential Return
42%
at end of term
Term
6 years
ISA Option

Deposit Taker: Investec Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

IDAD The Callable Deposit Plan 

Potential Return
7% pa
or 2 x Index growth
Term
Maximum 7 years
ISA Option

Deposit Taker: Goldman Sachs International Bank

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

Investec FTSE 100 Kick Out Deposit Plan

Maximum Potential Return
5.25%
per annum
Term
Up to 6 years
ISA Option

Deposit Taker: Investec Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

Investec FTSE 100 3 Year Deposit Plan

Maximum Potential Return
14%
at end of term
Term
3 years
ISA Option

Deposit Taker: Investec Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

Investec FTSE Income Deposit Plan

Potential Annual Income
2.52%
per annum
Term
6 years
ISA Option

Deposit Taker: Investec Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

Investec FTSE 100 6 Year Defensive Deposit Plan

Fixed Return
18%
if FTSE higher, 9% if lower
Term
6 years
ISA Option

Deposit Taker: Investec Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

IDAD The FTSE Growth Deposit Plan 

Potential Return
100% of the FTSE growth
capped at a maximum 30% return
Term
6 years
ISA Option

Deposit Taker: Royal Bank of Canada

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

Investec FTSE 100 Defensive Kick Out Deposit Plan

Maximum Potential Return
4.0%
per annum
Term
Up to 6 years
ISA Option

Deposit Taker: Investec Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Plan Name

Investec FTSE 100 3 Year Defensive Deposit Plan

Maximum Potential Return
10%
at end of term
Term
3 years
ISA Option

Deposit Taker: Investec Bank plc

Important Information: This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Top 10 tips for using your ISA allowance in 2019

  1. Remember that you can’t carry your tax-free allowance over from one financial year to the next – so if you’ve got enough cash to hit your limit, stash it in an ISA. The  ISA allowance for the financial year 2019/20, is £20,000.
  2. Always keep an eye on your bonus rate, and be prepared to switch when it ends.
  3. You can only have one type of cash ISA in each financial year, so research your options carefully. Whether you choose a fixed-rate or instant access cash ISA, give some thought to your savings goals beforehand to help you determine what’s right for you.
  4. If you’re completely new to saving, or just need a tax-efficient place to build up an emergency fund, a cash ISA can be a good option. It’s a good way to try your hand at saving without committing yourself to anything long-term.
  5. Make the most of your ISA allowance each tax year and keep up to date with changes in annual limits. Remember that you can’t carry over any unused ISA allowance – so use it before it’s too late.
  6. Having goals can be useful for motivation. Saving for a holiday or other project can be a great way of maintaining focus. An instant access or fixed-rate cash ISA can offer a simple way to save for something specific like a holiday, home improvements, or a new car.
  7. If you know you’re likely to forget to make regular deposits in your ISA, set up a direct debit for whatever amount you can comfortably afford at the beginning of each month and you’ll never miss a payment again.
  8. You should be prepared to invest for the medium to long term with a stocks and shares ISA – for example, for five years or more. If you think you might require access to your cash in the next couple of years, a stocks and shares ISA may not be the right choice for you.
  9. Always remember that share prices can be very variable – especially in the current financial climate – and so if you were to withdraw your investment in the next twelve to eighteen months, you could end up with less money than you started with.
  10. With ISAs of all types, the deals on offer are in constant fluctuation, so shop around to ensure you’re always maximising the interest on your savings.

Individual Savings Accounts (ISAs) are a way of saving and investing without paying any tax on the returns you make. Launched in the UK in 1999 to encourage more people to save and invest, ISAs allow you to earn interest on your savings without paying tax on it or invest in stocks and shares without being liable for tax on any returns you make.

ISAs were introduced to replace Personal Equity Plans (PEPs). Initially savers had the option of a mini ISA, which allowed investments in either cash or stocks and shares, or a maxi ISA, which combined both elements in one account.

Cash ISAs and stocks and shares ISAs replaced the mini and maxi ISAs in 2008. The current 2019/20 tax year allowance stands at £20,000 which this can be divided between cash and investments in any proportion you wish.

It’s well-known that most of us in the UK aren’t saving enough money – in fact, it’s believed that around 8 million British adults have no savings at all. With the Bank of England base rate at a record low at the time of writing, it’s essential to compare your savings options before you make a decision, to ensure you get the best deal possible.

The primary benefit of ISAs is the tax advantage that allows individuals to profit from savings or shares without paying income or capital gains tax on that return.

The secondary benefit is that you are saving some of your income. Whether you’ve a particular savings goal in mind or you just want to ensure you’ve got an emergency fund tucked away, an ISA can provide a simple way to help achieve this.

For UK residents, ISAs should be your first savings port of call in order to avoid paying tax unnecessarily on your savings or investments.

Different ISAs are designed to meet different needs, so before you choose an ISA provider you should ask yourself a few questions.

1. Instant access cash ISAs

Instant access cash ISAs are very popular as they’re relatively simple and convenient, but consumers should shop around for the best rate as some are more competitive than others. These accounts are useful for being able to access funds in a hurry, but with the return on interest low on instant access accounts, there is an incentive to keep saving and contributing to a more profitable account. Use our services to compare instant access cash ISAs

2. Easy access cash ISAs (also known as notice accounts)

Notice accounts provide a better rate if interest than instant access accounts, but require more notice to withdraw cash –this can range from a few weeks to several months, so check carefully beforehand. Use our services to compare easy access cash ISAs and notice accounts

3. Fixed-rate cash ISAs

Fixed-rate cash ISAs have traditionally been the savings vehicle of choice for those looking to lock cash away for a set period of time in the hope of gaining a better interest rate in return. However, the current combination of a low base rate plus the funding for lending scheme leaving many banks less reliant on income for savers means that these accounts are often no longer a guarantee of high rates. Compare fixed rate cash ISAs and fixed rate cash ISA alternatives using our services.

4. Deposit plan cash ISAs (also known as structured deposits)

As an alternative to traditional cash ISAs, you may want to consider structured deposit plans. This type of account offers the potential for higher returns than those available via fixed-rate cash ISAs, by offering returns linked to an index (usually the FTSE 100). Your returns are based on market performance, but your capital is protected by the FSCS up to a value of £85,000. Use our services to compare structured deposit ISAs.

5. Investment ISAs (also known as stocks and shares ISAs)

stocks and shares ISA allows you to invest money up to a certain amount without paying tax. You can choose from options including income ISAs, growth ISAs, and share dealing ISAs. Use our services to compare investment ISAs.

 

The terms and conditions of ISA often vary slightly depending on which ISA manager you choose, so it’s essential to check things like:

  • The minimum balance requirements
  • Any limits on transfers into the account – some accounts set limits on this
  • Notice periods and penalty fees, if these apply

It’s also important to ask yourself a few questions before you start, such as:

How much of my annual ISA allowance do I want to use?

Each UK resident over 16 has an annual ISA allowance, which is set at the start of each tax year by HMRC. The tax year runs from 6th April each year, and the current ISA allowance from 6th April 2019 is £20,000.

How much tax will I save with an ISA?

Cash ISAs:

The good news is that whatever your tax bracket, you’ll pay 0% tax on any savings held in a cash ISA. People in all tax bands can benefit from this, as you can see below:

  • Savings rate taxpayers usually pay 10% tax on savings interest – with a cash ISA you pay 0%
  • Basic rate taxpayers usually pay 20% tax on savings interest – with a cash ISA you pay 0%
  • Higher rate taxpayers usually pay 40% tax on savings interest – with a cash ISA you pay 0%
  • Additional higher rate taxpayers usually pay 50% tax on savings interest – with a cash ISA you pay 0%
Investment ISAs:

A stocks and shares ISA allows you invest your tax-free allowance while only paying 10% tax on any investment income you make. This can add up to a substantial saving when you consider that, on dividends paid on a non-ISA investment, an additional rate taxpayer would have to part with 42.5% in tax.

The above information gives you a general idea of what you could save – remember that it depends on your individual circumstances and may be subject to change in the future.

What if I need to get to my money out of the ISA quickly?

If this is important to you – for example, if you’re saving for a short-term goal or to build up an emergency fund, rather than for long-term growth – then an instant access or easy access cash ISA may be a good option for you.

Latest Saving & Investment Offers

Income Plan Offer

Defensive Income Plan

Up to 6.8% pa

  • Quarterly income (paid gross)
  • Maximum 8 year term
  • Early maturity potential
  • Available for ISAs and ISA transfers
  • Invest from £3,000
  • Alternative option also available paying up to 5.0% pa

Our view: If you’re looking for high income, then the ability to receive 6.8% per year even if the FTSE falls almost 20%, could be appealing.

Request Brochure »

Capital is at risk

Popular Investment Growth Plan

Investec FTSE 100 Enhanced Kick Out Plan

Potential Return – 10% pa

  • Potential early return in years 1, 2, 3, 4 and 5
  • Return paid if start level of the FTSE 100 goes up by any amount on an annual observation date
  • Up to 6 year term
  • ISA Option
  • Invest from £3,000

Capital at risk

More information »

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. 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. 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.