Welcome to our Individual Savings Account Guide, ISA Guide 2010. An Individual Savings Account (ISA) is not an investment itself. It is a wrapper surrounding your fund choice(s) that makes them more tax-efficient. When you make an investment in an ISA you pay no income or capital gains tax (CGT) on the returns you receive, no matter how much your investment grows or how much you take out over the years. You don’t even have to mention your ISA on your tax return.
An ISA is an ideal way to make the most of your tax-efficient savings limit and save for the future. The value of tax savings and eligibility to invest in an ISA will depend on individual circumstances and all tax rules may change in the future.
ISA GUIDE 2010