ISA rule changes

Save more tax-free

On 6 April 2008 the Government changed the rules around Individual Savings Accounts (ISAs). They're now much simpler. There are now just two sorts of ISA on offer - a Stocks & Shares ISA and a Cash ISA.

The really good news is you can put more money in tax-free cash savings and more in tax-friendly stocks and shares savings. You can:

1. Invest up to £7,200 all in a Stocks & Shares ISA.
2. Or invest up to £3,600 in a Cash ISA, with the rest in a Stocks & Shares ISA. This means you can now save more as cash – the cash limit used to be £3,000.          

More transfer choices 

You can now also transfer some or all of your cash ISA savings from previous tax years or the current tax year into stocks & shares without affecting your current tax year allowance.

PEPs get in step 

As part of making things a whole lot simpler, all PEPs were automatically renamed Stocks & Shares ISAs and will be regulated just like ISAs.

If you already have savings with us 

If you had a Virgin ISA when the change happened on 6 April don't fret. We automatically put your existing stocks & shares investments with us into a Virgin Stocks & Shares ISA, and your cash ISA savings with us into a Virgin Cash ISA. 

If you had a Virgin PEP with us, you don't need to do a thing. Your investment carries on with us, just under a new name – a Virgin Stocks & Shares ISA (ex PEP).