A cash ISA is a way of saving tax-efficiently. Any interest is paid free from income tax and capital gains tax. 

  • You can invest your full ISA allowance of £15,240 into a cash ISA.
  • Available to UK residents aged 16 or over, although young adults aged 16 and 17 have an additional allowance in a Junior ISA of £4,080. They cannot invest in an Adult stocks and shares ISA until they have turned 18. 

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.
  • Legal & General currently has no cash ISAs available.