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Investment ISAs put your capital at risk & you may get back less than you originally invested. Tax treatments depend on your individual circumstances and may change
This cash ISA allows you to withdraw your money quickly and easily whenever needed.
This type of cash ISA allows you to withdraw money within set boundaries - for example, you may only be permitted to make a certain number of withdrawals per year.
This type of cash ISA is intended to provide a better interest rate in return for locking your money away for a set period.
However, this is not necessarily the case, so it pays to research all your cash ISA options before committing to accessing your money quickly can be difficult
This type of cash ISA allows you to earn higher returns than you'd usually receive from savings in a regular instant access cash ISA or fixed rate cash ISA without risking your capital.
Your capital is protected up to a value of £85,000 by the FSCS.
If your investment performs well, you'll receive your capital back at the end of the term, plus any income you made on the initial deposit.
If your investment doesn't perform well, you may receive no income or capital growth, but your initial capital will be repaid in full.
So, if you put £1,000 into a structured cash ISA and the market does well over the term of the ISA, you might get £1,000 capital + 15% income when your plan matures.
If the market does badly, you may not receive any returns, but you'll get your capital back.
An instant access cash ISA offers straightforward access to emergency savings, while a fixed rate cash ISA can sometimes provide a better rate of return for those prepared to lock their money away for a set period of time.
Structured deposit plans, which offer returns linked to the markets while also offering capital protection, are also becoming a popular way for people to use their cash ISA allowance.
As with all savings accounts, it's important that you shop around for the best deal.
For a selection of cash ISA options see our tables for latest products and options from leading market lenders.
Generally, the returns on your investment are much higher in a Stocks and Shares ISA but there is an element of risk and there’s no guarantee that you won’t make losses or even withdraw less than you invested.
However, there are some way to minimise risk if you’re worried about investing:
While there are no guarantees of returns with investment, these are some sure ways to minimise that risk.
The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.
£9,000 per child for the 2023/24 tax year.
£4,000 per person for the 2023/24 tax year.
The current annual ISA allowance is £20,000 per person for the 2023/24 tax year.
Yes, you can transfer from your Cash ISA to a Stocks and Shares ISA at any time. However, do check you won’t lose out by transferring, as some Fixed Rate Cash ISAs may charge a fee or void your interest if you surrender your policy before the fixed term has ended
Capital at risk. Tax treatments depend on your individual circumstances and may change. The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.