Individual savings accounts (ISAs) and NISAs
An ISA is a tax-free investment vehicle. When you invest your savings, shares or life insurance, as well as all authorised retail investment schemes and UK Real Estate Investment Trusts into an ISA/NISA, your income and gains from the investments are free from income tax and capital gains tax. The higher investment allowance into a NISA of £15,000 commenced on 1 July 2014.
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