Individual Savings Accounts

URI: https://gptkb.org/entity/Individual_Savings_Accounts
GPTKB entity
Statements (30)
Predicate Object
gptkbp:instanceOf gptkb:financial_services_company
gptkbp:abbreviation ISA
gptkbp:annualContributionLimit £20,000 (2023/24)
gptkbp:benefit no capital gains tax
no income tax on interest
gptkbp:countryOfOrigin gptkb:United_Kingdom
gptkbp:currency GBP
gptkbp:eligibility UK resident
under 18 for Junior ISA
aged 16 or over for Cash ISA
aged 18 or over for Stocks and Shares ISA
aged 18-39 for Lifetime ISA
https://www.w3.org/2000/01/rdf-schema#label Individual Savings Accounts
gptkbp:introducedIn 1999
gptkbp:purpose tax-free savings
gptkbp:regulates gptkb:HM_Revenue_&_Customs
Financial Conduct Authority
gptkbp:replacedBy gptkb:Personal_Equity_Plan
Tax-Exempt Special Savings Account
gptkbp:transferredTo yes
gptkbp:type gptkb:Cash_ISA
gptkb:Innovative_Finance_ISA
gptkb:Lifetime_ISA
gptkb:Stocks_and_Shares_ISA
gptkb:Junior_ISA
gptkbp:website https://www.gov.uk/individual-savings-accounts
gptkbp:withdrawalRestrictions Lifetime ISA withdrawal penalty
Junior ISA funds accessible at 18
gptkbp:bfsParent gptkb:Alpha_ISA
gptkbp:bfsLayer 7