If you save in the form of a cash ISA, you won’t pay any Capital Gains Tax or Income Tax on the interest you earn on the account. There are also ISAs that are invested in stocks and shares. The Government allows you to open one of each, every financial year, subject to the maximum allowance. At N&P, we offer a range of ISAs to meet our customers’ differing needs. Give us a call if you’d like to know more.
As from 6th April 2012, the ISA limits were raised to £11,280 of which £5,640 can be saved in a cash ISA for all ISA customers.