What is an ISA?
ISA stands for Individual Savings Account, and they are the Government's way of encouraging you to save by giving you a tax incentive.
Normally when you save the taxman takes 20% of your returns, and more if you are a higher rate taxpayer, wherever your savings are kept - in a bank, building society, or unit trust.
However, this isn't the case when you save in a tax-friendly ISA. In fact, you don't even have to declare your ISA investments to the taxman.
How much can I save?
In the current tax year you can invest up to £11,520. You can either invest it all in a Stocks & Shares ISA or invest up to £5,760 in a Cash ISA, with the remainder in a Stocks & Shares ISA.
What do Virgin Money offer?
For a Stocks & Shares ISA you can pick from our FTSE Tracker ISA, our Climate Change ISA or our Bond & Gilt ISA. Or you can mix your own ISA by investing in more than one of those funds.
To see our range of cash savings accounts please visit our savings website.
Can I transfer an existing ISA to Virgin Money?
Yes you can, you can find out about transferring an existing ISA here.