Virgin ISAs - Why pay tax on your savings

Virgin ISAs - Why pay tax on your savings

'I never invest in something I don’t understand, so why should you?'

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.

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.
View our Cash ISAsView our Stocks and Shares ISAs
Got an ISA question?

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Cash ISAs

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 ISAStocks and Shares ISA
Savings accountInvestment
Tax freeTax efficient
Ideal if you need access to your money quickly, or if you want to know your money is safe in a bank accountThis 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 returnHigher risk with a potentially higher return. Your capital will be at risk
Illustration showing that the Stocks and Shares ISA has a higher risk and higher potential return than the Cash ISA

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.

View our Cash ISAs
Our Stocks and Shares ISAs

Our Stocks and Shares ISAs provide a variety of options designed to suit your approach to risk.

View our Stocks and Shares ISAs