Investments in ISAs are free of income tax and capital gains.
From 6 April 2008 all old PEP accounts will be re-branded as stocks and shares
ISAs and should you wish, you will be able to top them up using your 2008/2009
ISA allowance.
In December 2006 it was announced that ISAs would be a permanent saving option.
Child Trust Funds will be capable of being rolled into an ISA once the child becomes
18.
