Individual Savings Accounts

Annual exempt amount Overall Limit (£) Cash Limit (£)
20010/11 10,200 5,100
2009/10 7,200 (10,200*) 3,600 (5,100*)

 

*From 6 October 2009 for anyone aged 50 and over. For 2010/11 the increased limits apply to everyone.

Savings are exempt from income tax and capital gains tax.

Tax information provided by :