What is an ISA?
An Individual Savings Account (ISA) allows people to make tax-free investments. Income earned and gains made within the ISA are exempt from tax.
For someone paying UK Income Tax at 45% this means a saving of £450 for every £1,000 interest earned.
How much can be invested in an ISA?
Every UK resident over the age of 18 has an annual ISA allowance which can be invested in any of the three ISA types. For 2019-20 the allowance is £20,000.
In addition to the annual allowance investors can transfer any amount from existing ISAs to your ISA.
Ensure Compliant Reporting
We track isa activity across your platform providing you with HMRC ready ISA reports. If you have your own platform compliant reporting is possible using our ISA API service.ISA API Service