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All about ISAs

ISAs are a very popular way to invest because you do not pay any tax on your investment's income or gains. In 2014 the government renamed them as NISAs (New ISAs) to publicise a significant increase in the ISA limit. Key things to know about ISAs are:

Tax benefits There is no tax to pay on income and gains
Putting money in The total ISA allowance for this tax year is £20,000. If you have already put money in a cash ISA this year then this counts towards this limit.
Getting money out The money can be withdrawn at any time, although ISAs are generally used for longer term investment (more than 5 years).
Risk and return We only offer stocks and shares ISA investments. These will probably provide higher returns than cash ISAs in the long term, but there is a risk that you get back less than you put in. Our risk/return explorer can help work out if investing is for you.
Minimum investment The minimum investment is £100 or £50 per month.


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