We believe in a straightforward approach to ISAs, whether you're putting your money in stocks and shares, keeping it as cash, or even choosing a bit of both.
Virgin ISAs - Why pay tax on your savings
Your savings could look nicer
in a Virgin ISA
From 1 July, your tax-friendly allowance now stands at £15,000, which you can either save into a cash ISA, a stocks and shares ISA or a combination of the two.
What makes Virgin Money ISAs nicer?
- Simple, easy to understand ISAs without the jargon.
- A range of cash ISAs with the option to fix your rate or access your money when you need it.
- A choice of stocks and shares ISAs suited to match your approach to risk.
- We accept transfers from other ISA providers.
- Access to great deals from across the Virgin Group.
Got an ISA question?
If you're looking to take advantage of your tax-free savings allowance, then a cash ISA could be the perfect place to start. A cash ISA is just like a normal savings account; the only difference is that no tax is taken from the interest you earn, meaning you make more of your savings.
You can choose from a variable or fixed interest rate cash ISA, with a fixed rate account often providing a better rate in return for you tying up your money for a set period of time.
Stocks and Shares ISAs
For a stocks and shares ISA you can pick from our FTSE Tracker ISA, our Climate Change ISA or our Bond and Gilt ISA. Or you can mix your own ISA by investing in more than one of those funds. The potential return is often higher than that offered by a cash ISA.
However, the value of your investment could go down as well as up and you may get back less than you invest.
Want to transfer an existing ISA to us?
No problem. Just follow the instructions in our View ISA Transfer Guide.
What's the difference between a Cash ISA and a Stocks and Shares ISA ?
The big difference between a cash ISA and a stocks and shares ISA is the way your money is used. You can think of a cash ISA as a normal savings account. Stocks and shares ISAs invest your money in the stock market.
Remember that tax benefits depend on your individual circumstances and may change in the future.
|Cash ISA||Stocks and Shares ISA|
|Tax free||Tax efficient|
|Ideal if you need access to your money quickly, or if you want to know your money is safe in a bank account||This is a medium to long term investment so you should be prepared to invest your money for at least five years|
|Low risk with a guaranteed return||Higher risk with a potentially higher return. Your capital will be at risk|
Your attitude to risk
Choosing the right ISA for you depends very much on your approach to risk. If you want a low risk account, cash ISAs could be for you. But if you want the chance to earn a higher return, you might want to look at one of our Stocks and Shares ISAs.
As with all stock market investments, the value of your investment can go down as well as up and you may get back less than you invest. This is a medium to long term investment so you should be prepared to invest your money for at least five years.
Are you clued-up about the nicer ISA? Watch the video.
Tax-friendly ISAs just got a whole lot nicer, thanks to an increased annual limit of £15,000 and a new fully flexible way to save. You can now choose to invest your money in cash, stocks and shares, or any combination of the two. We have a range of cash ISAs, or if you’re feeling a little more adventurous, there’s our Stocks and Shares ISA, which takes a simple and straightforward approach to investment – so you don’t have to be an expert to benefit from the stock market.
Remember, the value of your stocks and shares investment can go down as well as up and you may get back less than you invest.
Our range of nicer ISAs
Remember, we also accept ISA transfers from other ISA providers. Why not take a look at some of the other accounts we offer.
Our Cash ISAs
Our Cash ISAs offer the peace of mind of a fixed rate or access to your money when you need it. Helping you manage your money in a way that suits you.