ISA guides tagged “Tax-free savings”

What gov.uk says about a Lifetime ISA, workplace pensions and private pensions, and how they differ on paying in, tax and taking money out.

Who can open each type of ISA, what a provider asks for, how a transfer in differs from a new payment, and where gov.uk pages stay silent.

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.

NS&I says Premium Bonds do not earn interest and that an annual prize fund rate funds a monthly prize draw. gov.uk says you do not pay tax on interest on cash in an ISA. This guide sets out what each source says, with sources.

Interest on a Cash ISA balance is the balance multiplied by the rate, adjusted for how often the provider adds interest. This guide works through examples at assumed rates of 2%, 3% and 4%, which are not forecasts.

According to gov.uk, if you complete a tax return you do not need to declare ISA interest, income or capital gains on it. Money held outside an ISA is treated differently.

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.

According to gov.uk, an ISA you already hold can stay open if you become non-UK resident and keeps its UK tax relief, but you cannot pay into it unless you are a Crown employee overseas or their spouse or civil partner.

The four adult ISA types (Cash, Stocks and Shares, Lifetime, Innovative Finance) and the Junior ISA: what each can hold and how withdrawals work.

How an ISA calculator turns balance, contributions, rate and time into a projected return, how to read nominal and real figures, and what it leaves out.

How the Lifetime ISA bonus adds up over time, with worked examples of payments, bonus and withdrawal charge. Assumed figures, not forecasts.