Savings and Investments
Individual Savings Accounts (ISAs)
|ISAs 2014/15||To 30 June 2014||From 1 July 2014|
|Overall Investment limit||£11,880*||£15,000|
|Junior ISA limit||£3,840||£4,000|
- Investments in ISAs are free of income tax and capital gains tax.
- Those aged 16-17 can invest in a cash ISA, in addition to a Junior ISA.
- ISAs allow you to take your money out at any time without losing tax relief and furthermore you are not required to declare income and capital gains from ISA savings.
- Transitional rules may apply.
© This publication is published for the information of clients. It provides only an overview of the regulations in force at the date of publication and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this publication can be accepted by the authors or the firm.