ISAs

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2. Who can take out an ISA?

• ISAs may only be arranged on an individual basis. They cannot be taken out in joint names. Nor can they be assigned or written in trust.
• The investor must be 18 years or older, however, 16 and 17-year-olds can now deposit up to £3,600 a year in a cash ISA (rising to £5,100 from April 2010).
• The investor must either be resident or ordinarily resident in the UK, or a non-resident Crown employee working abroad, whose earnings are liable to UK tax (e.g. someone in the Armed Forces) or the spouse of such an employee.

1. What is an ISA? 2. Who can take out an ISA? 3. ISA investments: the 'Components' 4. The different kinds of ISA: Maxi, Mini and Tessa-only 5. How many ISAs can you have? 6. How much can you put in an ISA? 7. Maxi or Mini? 8. Tax rules on ISAs 9. Practical significance of ISA tax rules 10. Cash ISAs 11. Stocks & Shares ISAs 12. Choosing an ISA fund 13. Buying an ISA 14. Charges and CAT standards 15. Where to find an IFA 16. Switching ISA investments 17. Transferring shares into an ISA 18. Withdrawing funds from an ISA 19. Conclusion