ISA TAX FREE INCOME 7%
Fast and efficient way to grow your Investment. Free transfer of existing ISA’s.
High returns up to 7%. Returns paid every 6 months.
Invest from £20.000
• 7.0% AER – 5 Year Term
• 5.5% AER – 4 Year Term
• 4.5% AER – 3 Year Term
• 3.5% AER – 2 Year Term
Different ISAS have varying degrees of qualification. You must be:
- Aged 16 or over to open a Cash Isa
- Aged 18 or over to open a Stocks and Shares Isa
- There’s a separate Isa for children under the age of 16, called the Junior Isa
The allowance is the amount the government permits you to invest in your Isa accounts during each tax year.
At the start of each new tax year (6 April) you’ll receive a new allowance. If you don’t use it, you lose it – the allowance can’t be rolled over to the next tax year.
By using your Isa allowance each year it’s possible to accumulate a significant amount of tax-efficient savings.
- You can open one Cash ISA, one Stocks and Shares Isa and one Innovative Finance Isa each tax year (subject to the overall annual ISA limit)
- You can withdraw money as with any other saving account
- If switching providers transfer funds, DON’Twithdraw them
While you should consider interest rates on other non-Isa savings and products, remember that the longer you have your money in an Isa, the longer it will benefit from the tax-free rules.
In the 2017-18 tax year, individuals can invest up to £20,000 a year in a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA, or any mixture of the three – you can save the entire £20,000 in cash if you so wish.
Remember that you’re only able to open a maximum of one Cash ISAS, one Stocks and Shares ISA and one Innovative Finance ISA each tax year.
Once open you can transfer money between these different types of ISA freely, subject to your provider’s terms.
This differs from old rules where you could transfer money from Cash ISA to Stocks and Shares ISA, but not vice versa
Withdrawing money from ISA
In this regard, ISAS work like any other savings account – you can take money out at any time.
However, just like regular savings products some Isa may run for a fixed period or require notice of withdrawal – you may lose some interest or bonus if you withdraw early.
Did you know…?
- While there are limits on the number of ISA accounts you can subscribe to each tax year there are no limits on the number of ISAS you can hold over time – you could open 10 ISAS over 10 years
The launch of the ‘radically flexible Isa’ on 6 April, 2016, made Isa a more convenient option for savers.
Under the new flexible rules, Isa savers will be allowed to withdraw and replace money from their Cash ISA without this counting towards their annual Isa subscription limit for that year, so long as the repayment is made in the same tax year as the withdrawal.
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