ISAs Wrap up your tax free savings


Wrap up your tax free savings


By choosing an ISA you can enjoy tax free interest on your savings. Simply select the account that is right for you and start saving today.

Junior ISA – 2018/19

Up to 2.50% Gross*/AER** variable
Age 17 years or under
Minimum balance £1
Maximum tax-free investment each tax year £4,260
Annual interest

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*Interest is paid free from UK tax.

**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.

Annual ISA allowance

From 6 April 2018 until 5 April 2019, the overall annual adult ISA subscription limit is £20,000. This can be split between one cash and/or one stocks and shares ISA. We currently only offer cash ISAs.

Junior ISAs

From 6 April 2018  until 5 April 2019, the overall annual Junior ISA subscription limit is £4,260.

This allowance can be split between a cash Junior ISA and a stocks and shares Junior ISA. Alternatively the full £4,260 can be invested in either a stocks and shares Junior ISA or a cash Junior ISA.

The Society accepts ISA transfers from banks and other building societies into its Junior ISA. The Transferring your cash ISA document outlines the cash ISA to cash ISA transfer process. Please contact us for further information.

From 6 April 2018, savers aged 16 to 18 will be able to subscribe up to the £20,000 limit to a cash ISA but will still be unable to open a stocks and shares account.