What is an ISA?

An Individual Savings Account (ISA) is a scheme that allows individuals to hold cash, shares, and unit trusts free of tax on dividends, interest, and capital gains.

There are two main types of ISA:

Cash ISA’s where all interest earned on money held in a cash Isa is tax-free.

Stocks and Shares ISA’s where almost all capital gains and income are protected from tax.

You get a fresh ISA allowance each tax year (in the 2015/16 tax year the ISA allowance was £15,240, for example).

If you still have all or part of your allowance left, we can help you to make the most of your tax-free savings.

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