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).

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