Why invest your full ISA allowance?

Each year, the Government allows you to invest a set allowance in an Individual Savings Account (ISA), where you don't pay any personal tax on any gains made or income received.

What is an ISA allowance?

Your allowance is related to the tax year, not the calendar year. The tax year begins on 6 April and ends on 5 April the following year. Your ISA allowance is £15,000 for the 2014/15 tax year.

There are two kinds of ISA: a stocks and shares ISA and a cash ISA.

Who is it for?

ISAs are not just for higher-rate taxpayers or wealthier investors. All adults who are resident in the UK for tax purposes are entitled to invest in an ISA, and you can even open a Junior ISA on behalf of your children, who get their own allowance of £4,000 for this tax year. You can open a cash ISA at 16 years and then open a stocks and shares ISA at 18 if you wish.

You can choose to save in the following ways:

  • Use the full £15,000 in a stocks and shares ISA.
  • Use the full £15,000 in a cash ISA.
  • A combination of amounts between a stocks and shares ISA and cash ISA up to the overall limit of £15,000.

Why is it important to use the full allowance each year?

  • An ISA is a tax-efficient way of saving or investing.
  • You can’t roll over your allowance into the next year if you don’t use it.

Can I transfer my ISA from another provider?

Yes. You can also transfer money from a cash ISA into a stocks and shares ISA.

We don't charge a transfer fee but your current provider might.

While your ISA transfer is taking place, you won't benefit from any rise in the markets and you could lose some income or growth.

Why invest with Legal & General?

  • We manage over £6 billion of ISA funds on behalf of our customers – making us one of the UK's largest stocks and shares ISA managers.
  • You can manage your investments online with My Account.

Important Information.

  • The tax efficiency of ISAs is based on current rules. The current tax situation may not be maintained. The benefit of the tax treatment depends on individual circumstances.
  • Although there is no fixed term, you should consider stocks and shares ISAs to be a medium to long term investment of ideally five years or more.
  • Please remember, the value of your stocks and shares ISA and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest.
  • The money invested in a Junior ISA is locked away until your child becomes 18 and then rolls up into an adult ISA. You should consider it to be a medium to long term investment, ideally of five years or more.

Stocks and Shares ISA

Invest in a range of unit trusts with a tax-efficient ISA.


Stocks and Shares ISAs

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