Budget 2005

Individual Savings Accounts (ISA)

• tax exemption for investments in shares, cash and, pre 6 April 2005, life insurance
• annual investment limit £7,000 with £3,000 maximum in cash
  (£1,000 life insurance element not available after 5 April 2005)
• no lock-in of capital
• no minimum subscription
• available to individuals aged 16 or over for cash only ISA, 18 or over for others

The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.

This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.