You keep all your profits
Stocks & Shares ISAs are very tax-efficient compared to normal investment accounts since there's no Capital Gains Tax or further Income Tax to pay on your profits.
Invest up to £15,240 this tax year
The Government sets a limit on how much you can invest in an ISA each tax year (from 06 April one year to 05 April the next). This is known as your ISA allowance. It usually increases each year, but there’s no catching up next year if you don’t invest the full amount. It’s a case of ‘use it or lose it’! Your ISA allowance 2016/17 is £15,240.