2014/15
ISA Limits

For the 2014/15 tax year, your total ISA allowance is £11,880.

Up to half of this, £5,940, can be invested in a Cash ISA with the rest being invested in a Stocks and Shares ISA.

Or, you could choose to invest the full £11,880 in a Stock and Shares ISA

Budget 2014

Changes announced by the Government on 19 March mean big improvements for savers.

ISAs. Make the most of your tax-free saving allowance.

ISAs. Make the most of your tax-free saving allowance.
FTSE All-Share Tracker ISA

What is an ISA?

ISA stands for Individual Savings Account. There are two types of ISA: Cash ISAs and Stocks and Shares ISAs.

Cash ISAs are just like conventional savings accounts — the only difference is the interest you earn isn’t taxed, so you get to keep all of it.

Stocks and Shares ISAs, invest your money in shares, government gilts or corporate bonds. They have the potential for higher returns than a Cash ISA, but should be considered higher risk.

Remember, the value of your investment can go down as well as up and you may not get back the amount you invest.

Quick links

Transferring to us

Make managing your ISAs easier by bringing them all together.

Transfer a Cash ISA

Transfer a Stocks and Shares ISA

What's in it for me?

With both Cash and Stocks and Shares ISAs you won’t pay tax on any of the income you earn.

Basic rate taxpayers normally hand over 20% of their savings income to the taxman, higher rate taxpayers pay 40% — but with an ISA, you get to keep all of it.

How much can I invest?

For the current tax year, 2014/15, you can invest a total of £11,880 in an ISA.

Up to half of this can be invested in a Cash ISA with the rest in a Stocks and Shares ISA.

Choosing how you’d like to invest is entirely up to you. But what are the differences?

1 AER stands for the Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.
3 The tax-free rate is the contractual rate of interest payable where interest is exempt from income tax.