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What are the advantages of an ISA?

Advantages

  • Never pay any tax on your money (meaning your money could grow much faster, and you’ll save lots of admin).
  • Access your money whenever you like.
  • Withdraw and then add money back in, without affecting your £20,000 ISA allowance.

To consider

  • Add up to £20,000 per tax year (your ISA allowance).
  • You can only pay into one each tax year (April 6th to April 5th the following year).

Related topics

What are the advantages of a pension?
What is an ISA?
What is a standard account?

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By making an investment, your capital is at risk. The value of your investments depends on market fluctuations outside of our control and you may get back less than you invest. Past performance is no indicator of future performance. The tax treatment of an ISA and a pension depends on your individual circumstances and may be subject to change in the future. You should seek financial advice if you are unsure about investing.

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