Cash ISA.

An Individual Savings Account (ISA) is a tax-efficient way of saving. The cash ISA is like a normal deposit account and carries low risk, whereas a stocks and shares ISA gives you the chance to invest your money in equities, bonds and commercial property, but carries a higher risk. 

• Your ISA allowance for tax year 2013/2014 is £11,520. You can invest up to £5,760 into a cash ISA and the remainder into a stocks and shares ISA, or you can invest your full allowance into a stocks and shares ISA.
• Available to UK residents aged 16 or over. Our Structured Deposit Bond is available as a cash ISA and you must be over 18 to apply. Find out more.
• You continue to receive tax benefits each year on the cumulative amount.

However, whichever type of ISA you hold you will only able to pay in the maximum amount for the each financial year no matter how much you withdraw.

For example, if you start the tax year by paying in the full £5,760 but later withdraw £1,000, despite the fact that you now only hold £4,760 in your cash ISA, you will not be able to pay in any more until the next financial year as you have already used your full £5,760 allowance.

If you would like to use the remainder of your ISA allowance to benefit from the tax-efficient savings, you can invest in our stocks and shares ISA. Find out more.

Risk Factors

• Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed.
• You may get back less than you invest
• Recommended investment period: medium to long term, ideally five years or more.
• 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.
• Our Structured Deposit Bond has a fixed term of six years. If you need access to your money before this period ends you may get back less than you originally invested.
• The Structured Deposit Bond does not invest in companies that make up the FTSE 100 Index and therefore you will not receive any dividends.