Antony Devine, BA ACA Dip PFS

  Bates Investment Services Ltd.

  Telephone: 08700 427 900

  Email: antony.devine@batesadvice.com
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Cash ISAs

Download our free ISA Mini Guide here

The current allowance for this class of cash savings account is £3,600 per tax year. Interest is paid free of income tax. The term "mini-ISA" has been dropped now following the slight amendments to the rules in 2008/9.

TESSAs and TOISAs

The forerunner of the cash ISA was the TESSA (Tax Exempt Special Savings Account). These were five year accounts, with the oldest schemes due to end April 2004. 

At the end of their term, the capital element (but not any interest element) from TESSAs could be rolled-over into a cash ISA ("Tessa-only ISA"). This is in addition to the normal cash ISA allowance for the tax year. TESSAs and TOISAs are now just termed Cash ISAs. 

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Bates Investment Services Limited is authorised and regulated by the Financial Services Authority, and is a wholly-owned subsidiary of The Money Portal plc. 

Bates Investment Services Limited is entered on the FSA register under reference 154229.

Registered Office: 1 Threadneedle Street, London, EC2R 8AY.

Registered in England and Wales Company no. 3434648.

  

The FSA do not regulate some forms of mortgages.

The material in this site is subject to the UK regulatory regime, and as such is primarily aimed at UK consumers. Neither Antony Devine, Bates Investment Services nor the site owner Financial Elite Limited is responsible for the accuracy or content of any information contained on websites linked from this site, nor for errors or omissions which may occur within this site. 

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