The permitted kinds of investment for a cash New ISA are:

(1)cash deposited in a deposit account with a building society, a credit union, a bank other than of a type at ITA 2007, s. 991(2), para. (a), (d) or (e);

(2)cash deposited in a share account with a building society;

(3)deposits with the National Savings Bank expressly permitted to be held in a cash ISA;

(4)securities issued by National Savings & Investments under the National Loans Act 1968, which are expressly permitted to be held in a cash ISA (excluding national savings certificates and premium bonds);

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.