Tax efficient savings
A cash Individual Savings Account (ISA) provides a tax free wrapper, protecting your savings from the taxman.
Savings deposited in an ISA are exempt from Capital Gains Tax and UK Income Tax, which makes ISAs a highly tax efficient way of saving. The maximum you can put into a cash ISA for the 2011/2012 tax year stands at £5340.
The cash ISA is generally seen as less risky than an investment ISA (also known as a stocks and shares ISA), but is also likely to have a lower potential rate of return.
Use the table below to compare Cash ISA products or speak to an independent investment advisor.