What Is an ISA bond?
The Sovereign Bond Fund ISA
We have various types of ISA’s which have been designed to show noticeable returns for our customers. We believe in taking a calculated and proactive approach in saving, which helps you make more from your investments.
What is an ISA?
It’s a savings or investment account you never pay tax on, it’s as simple as that. You can save up to a maximum of £20,000 per year (for 2019/20), and this can be in a cash ISA – including a Help to Buy ISA – a stocks & shares ISA, an innovative finance ISA, a Lifetime ISA or a mixture of all of them.
How much can you put in an ISA?
Each tax year, you get an ISA allowance which sets the maximum you can save within the tax-free wrapper from April to April. For the current tax year this is £20,000. You can choose whether you want to split this between stocks & shares ISAs, cash ISAs (including Help to Buy ISAs), innovative finance ISAs and Lifetime ISAs, and how you do so. Yet do note, you can only put £4,000 in the Lifetime ISA every year, which means you could put the remaining £16,000 into any of the other options.
What types of ISA are there?
There are five main types of ISA – cash ISAs, Help to Buy ISAs, innovative finance ISAs, stocks & shares ISAs and Lifetime ISAs.