Virgin ISAs - Why pay tax on your savings

Virgin ISAs - Why pay tax on your savings

ISAs explained

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.

Remember, tax depends on your individual circumstances and may change in the future.

How much can I save?

From 1 July 2014 the overall ISA subscription limit increased to a combined limit of £15,000, across Cash and Stocks & Shares.

What do Virgin Money offer?

For a Stocks & Shares ISA you can pick from one or more of our six 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.

Apply online

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