ISA Guide 2024-25: Maximize Your £20,000 Tax-Free Allowance
Individual Savings Accounts (ISAs) offer tax-free savings and investments. Make the most of your £20,000 annual allowance.
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There are four main ISA types: Cash ISA, Stocks & Shares ISA, Innovative Finance ISA, and Lifetime ISA. The annual subscription limit is £20,000. A Lifetime ISA offers a 25% government bonus (up to £1,000/year) but is subject to restrictions. Interest, dividends and capital gains within an ISA are completely tax-free.
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Tax laws change frequently — consult a qualified tax professional or official government resources for advice specific to your situation.
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