Tax efficient savings
A growth ISA (Individual Savings Account) allows you to invest in a variety of different avenues with the aim of maximising capital growth.
A growth ISA is simply an ISA set up with the aim of producing capital growth, rather than generating an income. There are two main types of ISA, cash ISAs and stocks and shares ISAs, either of which can be used to produce a growth in capital.
ISAs are protected from Capital Gains Tax and Income Tax, making a growth ISA a tax efficient way of increasing your capital. Cash ISAs are generally a lower risk option than stocks and investment ISAs, but will also be likely to have a lower interest return potential. With a stocks and shares ISA returns may go up or down depending on the success of your investment portfolio.
Comparing the market can get you a better deal. Use the table below to compare some of the leading investment ISA options available, including those suitable for capital.For more information of cash ISAs which can also be used for capital growth, visit our cash ISAs explained page.