Individual Savings Accounts (ISAs) Limits
| Annual ISA subscription limit: |
2012/13 £ |
2011/12 £ |
2010/11 £ |
| Overall (Adult) | 11,280 |
10,680 |
10,200 |
| Cash ISA | 5,640 |
5,340 |
5,100 |
|
Stocks & shares ISA |
11,280 |
10,680 |
10,200 |
| Junior ISA | 3,600 |
3,600* |
- |
Junior ISAs
- *From 1 November 2011 the Junior ISA replaces the children's trust fund.
- A Junior ISA is a long term savings fund and interest in the ISA rolls up tax-free.
- Junior ISA is available to UK resident children under the age of 18 who do not already have a child trust fund.
- It can be split into cash and shares.
- Where parents give children income producing assets, such as cash or shares, any income earned on those assets (such as interest or dividends) in excess of £100 per year is taxable as the parent's, under the income tax Settlement provisions.
- The settlement provisions do not apply to gifts made by grandparents or other relatives.
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