Robinson Rice Associates: Chartered Accountants and Chartered Tax Advisors
Mon 06 September, 2010
Robinson Rice Associates

Savings and Investments

ISAs


Individual Savings Accounts (ISAs)

Aged under 50 Aged 50 and over*
Overall investment limit £7,200 £10,200
Including cash maximum of £3,600 £5,100

*Available from 6 October 2009

Notes

  1. Investments in ISAs are free of income tax and capital gains.
  2. Those aged 16-17 can invest up to £3,600 only, in a cash ISA.
  3. ISAs allow you to take your money out at any time without losing tax relief and furthermore you are not required to declare income and capital gains from ISA savings.
Introduction | Income Tax | Capital Gains Tax | Corporation Tax | Capital Allowances | Value Added Tax
Inheritance Tax | Vehicle Benefits | Mileage Allowances | NI Contributions | Key Dates & Deadlines
Pension Premiums | Charitable Giving | Savings and Investments | Some Useful Rates | Stamp Taxes