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The Government introduced ISAs in 1999 in the form of a tax efficient 'wrapper' for savings which replaced PEPs and TESSAs.
An ISA offers many tax advantages:
- You can protect your savings and investments from Capital Gains Tax
- If you are a higher rate tax-payer, you'll enjoy a tax benefit of 22.5% on dividend income
- Your withdrawals are tax-free
- You can exclude ISA investments from your tax return
Please note that tax benefits may be subject to change in the future.
Two types of ISA
You can invest up to £7,200 each tax year. Up to £3,600 of your allowance can be saved in a Cash ISA with one provider. The remainder of the £7,200 can be invested in a Stocks & Shares ISA with either the same or another provider. Alternatively, the whole £7,200 can be invested into a Stocks & Shares ISA with one provider.
- Cash ISA - £3,600 limit per year
- Stocks & Shares ISA - £7,200 limit per year
Key ISA facts
- Overall ISA annual savings limit is £7,200
- Money saved in Cash ISAs can be transferred into Stocks & Shares ISAs, but Stocks & Shares ISAs cannot be transferred into Cash ISAs
- You can transfer part or all of your Cash ISAs from previous tax years to Stocks & Shares ISAs without affecting your current annual ISA investment allowance
- You can transfer money saved in a current tax year Cash ISA to a Stocks & Shares ISA. 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 £3,600 in another Cash ISA provided it remains within the over all annual limit of £7,200
- 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 ISA manager
- You can invest a lump sum or set up a regular savings plan, or arrange for a combination of both methods of saving
To find out more about the investments that are eligible for ISAs download the Key Features (incorporating the Simplified Prospectus) linked below.
Jupiter ISA investment limits
The maximum and minimum investment limits are shown below:
|
Lump sum minimum
investment per fund |
Lump sum
maximum
investment per product |
Lump sum top-up minimum
investment
per fund |
Monthly
regular
savings
minimum
per fund |
Monthly
regular
savings
maximum per product |
| Stocks & Shares ISA |
£500 |
£7,200* |
£250 |
£50 |
£600
|
| Cash ISA |
£500 |
£3,600** |
£250 |
£50 |
£300
|
| ISA Transfers |
£500 |
N/A |
N/A |
N/A |
N/A |
*The maximum investment limit shown is for the 2008/2009 tax year. In the case of regular savings this assumes 12 payments made in a tax year.
** Up to £3,600 of the £7,200 ISA allowance can be saved in a Cash ISA.
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 2008/2009
Cash ISA Application Form 2008/2009
Key Features (incorporating the Simplified Prospectus)
Tax rules may change in the future. The value of an investment may fall as well as rise and may be affected by exchange rate variations.
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.