Individuals may contribute the following maximum amounts to an Individual Savings Account. Income and gains arising within an ISA are free of tax.

Components (maximum investments)
2011/12
2010/11
Cash
£5,340
£5,100
Stocks & shares (balance to)
£10,680
£10,200

Investments in ISAs are free of income tax and capital gains.

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.