There are 4 types of Individual Savings Accounts (ISA): cash ISA; stocks and shares ISA; innovative finance ISA; Lifetime ISA; You do not pay tax on: interest on cash in an ISA

Types of ISA available, the tax-free ISA allowance, withdrawing money and transferring ISAs.

Oct 30, 2024 · How to invest your Isa allowance in line with the latest rules, plus your most common Isa questions answered by Which? Money experts.

Since 2017, there have been four types of account: cash ISA, stocks & shares ISA, innovative finance ISA (IFISA) and lifetime ISA (LISA). Each taxpayer has an annual investment limit (£20,000 since 2020–21) which can be split among the four types as desired. Additionally, children under 18 may hold a junior ISA, with a different annual limit.

Mar 5, 2025 · We've done a quick table here to show you an overview of the five ISA types, who they're for, and how they compare, as some have different maximum allowances and some allow you to save in complete safety whereas others put your cash at risk.

Mar 7, 2025 · In our ISA guide, we explain everything you need to know: from how ISA limits work, to what sort of investments you can hold and how to transfer an ISA.

The ISA allowance for the current tax year (2023/24) is £20,000. Find out how much you can put in an ISA, the limits, and rules for your savings each tax year.

Here we explore what the new ISA rules could mean for you. And the good news is, you’ll now have more flexibility than before. When did the ISA changes happen? They came into effect from 6 April 2024. Here’s a round-up of the biggest changes:

Apr 5, 2024 · The annual ISA allowance is the maximum amount you can deposit across all ISAs each tax-year. ISA allowance 2024/2025 stands at £20,000. ISA reforms unveiled in the Autumn Budget 2023 mean it’s now possible to hold multiple subscriptions to ISAs of the same type within a single tax-year.

You can divide your ISA allowance across the four different types of ISAs – Cash, Stocks and Shares, Innovative Finance or Lifetime. With a Cash ISA: You’ll earn tax-free interest on your savings.