News feeds
Free newsletter
All the latest personal finance news - helping you make the most of your money
Home
Mortgages
Loans
Insurance
Savings & Invs
Debt
Endowments
Banking
Bills
Cards
Pensions
Savings & Investments
Savings Account Best Buys
Investments Quote
Alternative Investments
Child Savings Accounts
Child Trust Funds
Easy Access
Ethical Investments
Fixed Rate Savings
Investment Funds
ISAs
Savings Accounts
Savings Bonds
Social Lending
Stock Market Investments
More saving & inv products...
Tools
Ask the expert
Financial Age Tool
Find an IFA
Free brochures
Credit advice
Mortgage advice
Savings & inv companies
News, features & guides
Features
Financial analysis
Financial headlines
Savings & inv glossary
Savings & inv news
Savings & Investments glossary
Individual Savings Account (ISA)
An individual savings account (ISA) is a tax-free savings account designed to encourage people to save for their future.
Money can be withdrawn from the product without a notice period or penalty charges, and interest earned is tax-free.
Normally any interest earned on savings and investments has tax charged on it at the same rate as a person's income.
ISAs allow people to invest up to £7,200 a year tax-free: either in a stocks and shares ISA or a cash ISA.
Up to £3,600 can be saved in a cash ISA, the the remaining allowance up to £7,200 in stocks and shares.
Related articles
American unemployment drives down FTSE 100
Another turbulent day was felt on the markets today as early falls were countered by a brief rally and a muted close.
More...
Pound continues downward slide
Fears of a recession in the Euro Zone have prompted sterling and the euro to fall significantly against the dollar.
More...
Savings and investments offers ...
Skipton launches new bonds
Chelsea Building Society launches new 6.4% savings account
Alliance & Leicester: New over 50s saving accounts
Abbey extends 9.1% super saver
Get a quote from ...
Icesave savings accounts
Sainsbury's Bank savings accounts
Post Office savings accounts
Tesco savings accounts
Family Investments savings accounts
Disclaimer:
myfinances.co.uk is not authorised to give advice under the Financial Services and Markets Act 2000.
Terms:
By using this site, you are deemed to have accepted our terms of use.
About Us
|
Advertise
|
Contact Us
|
Privacy
© 2004 - 2008
www.myfinances.co.uk
myfinances poll
myfinances.co.uk is running a
poll
to get your thoughts on stamp duty and its possible suspension to boost the property market.