The income from ISA investments is exempt from income tax and any capital gains made on investments held in an ISA are exempt from capital gains tax.

Savers are able to subscribe any amounts into a cash ISA, a stocks and shares ISA or an innovative finance ISA subject to not exceeding the overall annual investment limit.

Investors may transfer their investments from one kind of ISA to another.

Limits 2018/19 2018/18
Overall annual investment limit £20,000 £20,000
Junior ISA annual investment limit3 £4,260 £4,218
Help to Buy ISA monthly subscription limit
Initial deposit limit £1,200
£200 £200
Lifetime ISA annual investment limit £4,000 £4,000