If you save in the form of a cash ISA, you won’t pay any tax on the interest you earn on the account. There are also ISAs that are invested in stocks and shares* and Innovative Finance ISAs (allowing interest and gains from peer to peer loans to qualify for tax advantages). The Government allows you to open one of each, every tax year, subject to the maximum combined allowance which for 2016/2017 is £15,240.
At Norwich & Peterborough, we offer a range of Cash ISAs to meet our customers’ differing needs. Give us a call if you’d like to know more.
Click the account names below for details of our accounts.
*Please remember that stocks and shares and any income derived from them can rise and fall in value. You may not get back the full amount of your investment. If in doubt please consult an Independent Financial Adviser.
Please note: Your capital and interest may be at risk in an Innovative Finance ISA and your investment is not covered under the Financial Services Compensation Scheme. If you’re not sure if this type of ISA is right for you, it’s best to speak to an Independent Financial Adviser.