Savings and Investments

ISAs and PEPs

Individual Savings Accounts (ISAs)
Overall investment limit £7,200
Including cash maximum of £3,600


  1. 'Stakeholder' cash and medium term products can be held in your ISA as follows:

    • Cash ISA - (limit £3,600)
    • Stocks and shares ISA (balance of £7,200 limit)

  2. Investments in ISAs are free of income tax and capital gains.
  3. Those aged 16-17 can invest up to £3,600 only, in a cash ISA.
  4. ISAs allow you to take your money out at any time without losing tax relief and furthermore you are not required to declare income and capital gains from ISA savings.

Personal Equity Plans (PEPs)

PEPs are converted to stocks and shares ISAs from 6 April 2008.

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