ISA stands for Individual Savings Account, and is a government scheme allowing individuals to hold cash, shares, and unit trusts free of tax on dividends, interest and capital gains. You can deposit up to £20,000 into an ISA each tax year, and this limit is shared across all of the ISAs that you have open.
At Moneybox, we offer a Cash ISA, an Open Access Cash ISA, a Stocks & Shares ISA, and Lifetime ISAs (both Cash and Stocks & Shares).
Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.
A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.
For Business Saver: T&Cs apply. Max one withdrawal per day.
