ISA Flashcards
1
Q
ISAs and income?
A
Are free from income tax
2
Q
ISAs and disposals?
A
Disposals of investments in ISAs are free from Capital Gains Tax
3
Q
ISAs and holding period?
A
No minimum holding period - withdrawals can be made at any time
4
Q
Components of an ISA
A
Cash - for example in a bank account
Stock and shares listed anywhere in the world
5
Q
Subscription limit for ISA
A
Annual subscription limit is £20,000 per tax year
