ISA guides tagged “ISA comparison”

How tax applies to money paid into, held in and taken out of an ISA and a pension, as gov.uk describes it. Differences only, not advice.

What an Innovative Finance ISA is, how it differs from cash and stocks and shares ISAs, and what gov.uk and the FSCS page say about tax, risk and transfers.

gov.uk says you do not pay tax on interest on cash in an ISA. Interest in a normal savings account can be taxed once it goes beyond your tax-free allowances. Here is how the two compare, with a worked example.

A transfer moves an ISA to another provider using a transfer form, while withdrawing the money yourself means you cannot reinvest that part of your tax-free allowance. Lifetime and Junior ISAs have extra restrictions, and a Lifetime ISA moved to another ISA type before the penalty-free age can attract the withdrawal charge.

How Cash ISAs and Stocks and Shares ISAs differ on risk, access, protection and the new cash ISA limit, with the points people weigh up.