Cash ISA Allowance
Tax efficient savings
The cash Individual Savings Account (ISA) allowance for the 2011/2012 tax year is £5340.00. This is the limit to the amount that you are able to put into a cash ISA (Individual Savings Account) each year, and forms part of what is known as your annual ISA allowance.
The total annual ISA allowance for 2011/2012 is £10,680. Your cash ISA allowance forms a part of the total annual allowance and is the maximum you may place in a cash ISA. You may then either disregard the remainder of your total allowance or place up to the full limit into a stocks and shares ISA. Alternatively you may place up to the full £10,680 into a stocks and shares ISA.
The cash ISA allowance will change year on year and is linked to inflation. Placing you savings into a cash ISA effectively provides them with a tax free wrapper, protecting your funds from Capital Gains Tax and UK Income Tax.
Use the table below to find some of the leading cash ISA products available on the market.
Selected Cash ISAs
| Provider | Product | AER 
|
Term
|
Min Balance
|
More Info |
|---|---|---|---|---|---|
| Click More Info on the product you are interested in | |||||
 |
Halifax ISA Saver Fixed Tax free ISA with the peace of mind that you'll have a fixed rate of interest for the term (1-5 years, 2.25% to 4.25%). Min Deposit £500 |
4.25% AER | 5 Years | £500 |  |
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Nationwide Online ISA Instant access to your funds: no withdrawal limits or penalties |
3.10% AER | 1 Year | £1 | |
 |
Barclays Loyalty Reward ISA Invest in a Barclays Loyalty Reward ISA from £1 to £5,340 for a tax-free return of 3.05% AER tax-free pa. Rate includes a 12-month introductory bonus of 1% |
3.05% AER tax-free | 12 Months | £1 | |
 |
Cash ISA View your balance and move money online. Easy access to your money without penalties or restrictions. Deposit using your debit card, funds cleared instantly |
2.50% AER | 1 Year | £1 | |
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Cash ISA Earn 0.50% AER to 2.00% AER. Tax free interest, no penalties and fast transfers. Use phone, post, in-branch and online |
2.00% AER | 1 Year | £1 | |