Scroll down to see the latest ISA subscription limits update
- What is ISA?
The Government's tax efficient savings scheme the 'Individual Savings Account' or 'ISA', offers a range of savings options in cash savings and equities (stocks and shares). - Your ISA options
There are two types of ISA: 'cash' ISAs and 'stocks and shares' ISAs. Each tax year you can take out one cash and one stocks and shares ISA.
Subscription limits and tax
Under the current Government rules, you can invest up to £10,200 each tax year in the ISA scheme. The tax year starts on 6th April. Tax treatment will depend on individual circumstances and may change in the future.
As well as the overall limit you can hold in the ISA, there are restrictions on how much you can pay into each type of ISA in each year.
| Maximum Annual Subscriptions | |
| Cash | £5,100 |
| Stocks and shares | up to £10,200 |
| Total | £10,200 |
*Subscription limits update April 2010*
From 6th April 2010, the ISA subscription limit increased to £10,200 for anyone eligible to invest in an ISA. Up to £5,100 of the new ISA allowance can be saved in a cash ISA with one provider.
The remainder of the £10,200 can be invested in a stocks and shares ISA with either the same or another provider. Alternatively, the full £10,200 can be invested in a stocks and shares ISA with one provider.
Important restrictions
You can transfer some or all of the money saved in previous tax years from cash ISAs to stocks and shares ISAs without affecting your annual ISA investment allowance. You can also transfer all of the money saved in the current tax year from cash ISAs to stocks and shares ISAs. You cannot, however, transfer money invested in stocks and shares ISAs to cash ISAs.
Stakeholder
- INSTANT ACCESS ISA
- MEMBERS' NOTICE ISA
- FIXED RATE ISA
- 2 YEAR TRACKER ISA
