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Individual savings accounts (ISAs) were introduced by the Government in 1999 as a form of a tax efficient 'wrapper' for savings which replaced PEPs and TESSAs. Launched to encourage people to save for the future, ISAs allow investors to save and invest without incurring Capital Gains Tax on equity investments.

What is an ISA?
An ISA, or an individual savings account, is simply a wrapper that protects the savings you hold within it from further tax. 

As of 6 April this year the Government increased the amount of money all eligible investors can save in an ISA. Now up to £10,200 can be invested in a Stocks & Shares ISA with one provider or up to £5,100 of that £10,200 can be invested in a Cash ISA with the remainder invested in a Stocks & Shares ISA with either the same or another provider. This means that providing you do not exceed either of the permitted allowances above, if you wish, you are able to split the amounts between a Stocks & Shares ISA and a Cash ISA. A Stocks & Shares ISA and a Cash ISA do not need to be held with the same ISA provider.


What are the tax benefits of an ISA?

• No further tax is paid on any income you receive from your ISA savings and investments.
• No tax is paid on the capital gains arising on your investments.
• You do not have to include any ISA investments on your tax return.

Please note that tax benefits may be subject to change in the future.

ISA Transfers
You can transfer your ISAs from one provider to another whenever you want.

You may transfer:

• Your total current year ISA subscriptions (and any income arising from your investments) and/or,
• All or part of previous years ISA subscriptions (and any income arising from your investments).

Important points to consider on ISA transfers:

• Money saved in Cash ISAs can be transferred into Stocks & Shares ISAs, however Stocks & Shares ISAs cannot be transferred into Cash ISAs.
• You can transfer part or all of your Cash ISAs from previous tax years into Stocks & Shares ISAs, with your present or another provider, without affecting your current annual ISA investment allowance.
• You can transfer money saved in a current tax year Cash ISA into a Stocks & Shares ISA, with your present or another provider. Such transfers must be for the whole amount saved in that tax year up to the day of the transfer. Once such a transfer has been made you are free to save up to £5,100 in another Cash ISA, or the annual limit of £10,200 in a Stocks & Shares ISA.
• You can transfer some or all of your investments held in Stocks & Shares ISAs from previous tax years to a Stocks & Shares ISA with another provider. You will need to choose a Stocks & Shares ISA provider with whom you want to hold your ISA and then ask the new provider to set up the transfer.
• You must not withdraw the money and transfer it to a new Stocks & Shares ISA yourself, as this will count against your current annual ISA investment allowance.

Jupiter ISA investment limits
The maximum and minimum investment limits are shown below:

Downloads
To apply for a Jupiter Stocks & Shares ISA or Cash ISA download the application form and Key Features (incorporating the Simplified Prospectus) using the links below.

 Stocks & Shares ISA Application Form 2010/2011
 Cash ISA Application Form 2010/2011
 Key Features (incorporating the Simplified Prospectus) 

Tax rules may change in the future. The value of a Stocks & Shares ISA may fall as well as rise and you may get back less than you invested. It may also be affected by exchange rate variations. Before making an investment decision you should consult your Independent Financial Adviser (IFA).

Please note: The Jupiter Unit Trust ISA and Jupiter Investment Companies ISA have separate management companies. This means you cannot invest in an ISA through Jupiter in both unit trusts and investment companies within the same year.