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*. 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 6 April 2013, the ISA limits were raised to £11,520 of which £5,760 can be saved in a cash ISA.
*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 investment adviser.