ISA - Individual Savings Account
Individual Savings Accounts (ISAs) are tax-favoured savings and investment accounts.
You can use an ISA to save in a cash account or invest in stocks and shares, including corporate bonds. In very simple terms and subject to the respective allowances, most of us pay income tax on our investment returns and capital gains tax on investment growth. Higher rate tax payers would be charged income tax at the highest rate.
In an ISA you save by not paying personal tax on the income or profit your investment earns. Higher rate tax payers would only pay 10% on the dividend income. Finally if you have exceeded your allowance for Capital Gains Tax, currently £3,000 (2024-2025) from the sale of shares and other certain assets, you will not have to pay Capital Gains Tax on the disposal of ISA assets.
There is a vast array of ISA products for both the Cash and Stocks & Shares elements. We can help you choose the most suitable one for you taking into account your financial circumstances and attitude to risk. We particularly like Self Select ISAs providing investment into bonds.
Click here to see all qualifying components.
Conditions and limits apply for each fiscal/tax year (April 6th to April 5th the following year). Please contact us for advice for which we will be happy to help you make the right decision.
To pay into an ISA you must be:
An ISA must be in your name alone; you can't have a joint ISA. Just one each. So couples can double up on the benefits of this attractive investment.
Check out the current investment limits for ISAs.
You can use an ISA to save in a cash account or invest in stocks and shares, including corporate bonds. In very simple terms and subject to the respective allowances, most of us pay income tax on our investment returns and capital gains tax on investment growth. Higher rate tax payers would be charged income tax at the highest rate.
In an ISA you save by not paying personal tax on the income or profit your investment earns. Higher rate tax payers would only pay 10% on the dividend income. Finally if you have exceeded your allowance for Capital Gains Tax, currently £3,000 (2024-2025) from the sale of shares and other certain assets, you will not have to pay Capital Gains Tax on the disposal of ISA assets.
There is a vast array of ISA products for both the Cash and Stocks & Shares elements. We can help you choose the most suitable one for you taking into account your financial circumstances and attitude to risk. We particularly like Self Select ISAs providing investment into bonds.
Click here to see all qualifying components.
Conditions and limits apply for each fiscal/tax year (April 6th to April 5th the following year). Please contact us for advice for which we will be happy to help you make the right decision.
To pay into an ISA you must be:
- a UK resident - with two exceptions: Crown employees, such as diplomats or members of the armed forces, who are working overseas but paid by the government; and their husbands, wives or civil partners
- over 16 for the cash component
- over 18 for stocks and shares
An ISA must be in your name alone; you can't have a joint ISA. Just one each. So couples can double up on the benefits of this attractive investment.
Check out the current investment limits for ISAs.