Tax Benefits of ISAs
One of the most compelling reasons for getting an ISA of any sort is the tax benefits it offers, but what are these benefits:
- No tax paid on the income you receive from your ISA savings and investments
- No tax paid on capital gains arising on your investments
- You can take your money out at any time (but some types have a notice period)
- You do not have to tell revenue and customs about income and capital gains from ISA savings and investments
