Individual Savings Accounts (ISAs)
| Individual Savings Accounts (ISAs) 2017/18 | |
|---|---|
| Overall investment limit | £20,000 |
| Junior ISA limit | £4,128 |
| Help to Buy ISA monthly subscription limit (initial deposit limit £1,000) | £200 |
| Lifetime ISA annual subscription limit | £4,000 |
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.