There are now three types of ISA that
you can choose from (standard individual savings accounts). These are all tax free investments.
This is available to anyone over the age of 16 and can invest up to the
annual limit of £15240 for 2015/16 which can be invested either in stocks
and shares or cash.
ISA’s – JISA’s
Parents can start JISA’s for children up to their 18th
birthday. Youngsters over 16 can
take control of their own ISA’s although they cannot be withdrawn until
they reach 18.
to Buy ISA’s – HBISA
These are new and intended for future first time home buyers. See our technical article for further