Financial Services Article
25 October, 2013
The 2013/14 tax year annual ISA allowance for a Cash ISA is £5,760.
The 2013/14 tax year allowance for a Stocks and Shares ISA is £11,520. This amount is reduced by the amount saved in a Cash ISA during the 2013/14 Tax year.
Junior ISA's (JISA's) are also available to any child who lives in the UK who is not eligible for the child Trust fund (CTF). The annual allowance is £3,720 and the child can access the money once they turn 18.
The 2013/14 tax year ends on the 5th April 2014