Change your profile from a 
ISAs Explained
Individual Savings Accounts (ISAs) were introduced by the government in April 1999 to encourage long-term investing. They should be one of the first investments to consider as they offer tax efficient investment and saving solutions. Below is an overview of the current regulations governing ISA investing:
- There are two types of ISAs available: Cash ISAs and Stocks & Shares ISAs (these replaced Mini and Maxi ISAs in 2008 and please note Threadneedle only offers Stocks and Shares ISAs).
- Total annual saving allowance has been increased to £10,200 in a Stocks and Shares ISA. In the June 2010 budget, the Chancellor announced that the yearly allowance for Stocks and Shares ISA's would be raised from £10,200 to £10,680 in line with the Retail Price Index (RPI). Therefore all investors are entitled to invest up to £10,680 into a Stocks and Shares ISAs for the new tax year (6 April 2011 onwards)
- Different providers can be used for Cash and Stocks and Shares ISAs.
- All PEPs have automatically become Stocks and Shares ISAs.
- Savings in Cash ISAs can be transferred into Stocks and Shares ISAs.
For further information on ISA investing please speak to your Financial Adviser.