Tax-Free Savings and Investments
ISAs
Individual Savings Accounts (ISAs) |
|
---|---|
ISAs 2016/17 | |
Overall investment limit | £15,240 |
Junior ISA limit | £4,080 |
Notes
- Investments in ISAs are free of income tax and capital gains tax.
- Those aged 16-17 can invest in a cash ISA, in addition to a Junior 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.
- Transitional rules may apply.