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Savings and Investments
ISAs
| Individual Savings Accounts (ISAs) |
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Aged under 50 |
Aged 50 and over* |
| Overall investment limit |
£7,200 |
£10,200 |
| Including cash maximum of |
£3,600 |
£5,100 |
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*Available from 6 October 2009
Notes
- Investments in ISAs are free of income tax and capital gains.
- Those aged 16-17 can invest up to £3,600 only, in a cash ISA.
- ISAs allow you to take your money out at any time without losing tax relief and furthermore you are not required to declare income and capital gains from ISA savings.
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