Compare Northern Rock ISAs

Northern Rock ISA

Northern Rock ISAs are not currently available following its acquisition by Virgin Money. You may therefore be interested in a Virgin Money ISA however there is a range of providers of Individual Savings Accounts, whether you are looking for a; Cash ISA, Stocks & Shares ISA or both. You can use the comparison table above to view different kinds of ISA from a selection of providers.

ISA Guide

In order to be eligible for a UK ISA you need to be:

1. Aged 16 or over for a cash ISA.
2. Aged 18 or over for a stocks and shares ISA.
3. A resident of the United Kingdom.
4. If you don’t live in the UK then you need to be a Crown Servant or their spouse/civil partner.
5. You can open a Junior ISA for someone under 18 who you have parental responsibility for.

Each eligible person has an annual ISA allowance, which is the maximum amount of money you can put into an ISA to receive tax benefits on. There are two distinct types of ISA Cash ISAs and Stocks & Shares ISA. The rules allow you to open a maximum of up to one of each kind of ISA each year, if you do decide to open both a Cash ISA and a Stocks & Shares ISA then you will need to break up your allowance between the two accounts as it stays the same, this does not however have to be a 50/50 split, you can do so at whatever ratio you want as long as you do not exceed your maximum allowance.

1. Cash ISAs – are a kind of savings account where up to your maximum allowance any interest that accumulates on your savings is paid tax free. There are a range of different Cash ISA products available depending on how much access you would like to maintain to your saving over the ISA’s term.

1. Stocks & Shares ISAs – Are a tax-efficient investment account you can use to invest in various products such as corporate and government bonds as well as stocks and shares. Up to you maximum allowance you do not have to pay any Capital Gains Tax or Income tax on made on profits made through your investments increasing in value, dividends however will still be taxed. It is important to remember that if the products you invest in decrease in value you could get back less money than you originally put in. There are different types of Stocks & Shares ISAs will offer you a choice of managed funds to invest in, others will let you directly pick what stocks and shares you invest in.

1. Junior ISAs – Are a kind of ISA designed to save for a young person’s future; there are both Junior Cash ISAs and Junior Stocks & Shares ISAs. The money in these types of account is locked away until the 18th birthday of the young person at which point it rolls over to a normal ISA in their name.

ISA Transfers

It is possible to transfer an ISA to another, either with the same or a different provider. However you may incur an interest penalty for doing so.