Cash ISA
A type of ISA (Individual Savings Account) that’s typically offered by banks and building societies. Any interest you receive, or withdrawals you make, from a cash ISA are tax-free.
Money you pay in to a cash ISA counts towards your overall ISA allowance, of up to £20,000 each tax year.
To open a cash ISA, you must be 16 or over, and a UK resident or a UK Crown employee working/serving overseas or the spouse or civil partner of an UK Crown employee working/serving overseas.
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