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…until the 2009/10 tax year ends

Read our ISA Guide to learn about your 2009/10 allowance.

What is an ISA?

Simply put, they give you tax advantages on your savings. There are two types of ISAs – a cash ISA and a stocks and shares ISA.

ISA Guide

Cash ISA

A cash ISA is like a normal savings account, but you don’t have to pay UK income tax on your interest provided all ISA conditions are met.

ISA Guide

How many ISAs?

There’s no limit on the number of ISAs you can hold but you can only subscribe to one cash ISA and one stocks and shares ISA per tax year. This could be a cash ISA with one provider and a stocks and shares ISA with a different provider, or both with the same provider.

ISA Allowance

The annual ISA allowance is £10,200 in the 2010/11 tax year. Of this, up to the first £5,100 can be saved in a cash ISA with one provider.

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