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Taxopedia  ›  I  ›  ISA (Individual Savings Account)
I · Glossary

ISA (Individual Savings Account)

Tax-free wrapper for savings or investments — £20,000 annual limit.

ISAs are UK tax-free wrappers for cash savings or investments. £20,000 annual subscription cap (2025/26). Interest, dividends and capital gains within an ISA are completely UK-tax-free.

Types: Cash ISA, Stocks & Shares ISA, Innovative Finance ISA (P2P), Lifetime ISA (£4k limit, £1k govt bonus, for first home or retirement).

Related terms

Savings interestInterest from bank accounts, bonds, P2P — taxable above the Personal Savings Allowance.DividendA distribution of company profits to shareholders — taxed at lower rates than salary.

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