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individual savings accounts (ISA) 2007/2008

  

Contribution Limits for persons aged 18+

Maxi £7,000
Mini Stocks and Shares £4,000
Cash £3,000

Contribution Limits for persons aged 16 and 17

Cash £3,000

With effect from 6 April 2005, the Insurance ISA element was merged with the Stocks & Shares element and will no longer be available individually.

No tax on interest, dividends or capital gains, however, with effect from 6 April 2004, no dividend tax credits will have been made to Stocks & Shares ISAs.

Contact Unizone for a free evaluation of your tax situation