Individual Savings Accounts (ISAs)

What can the cash component of an ISA include?

The cash component of an ISA can include

  • bank and building society accounts

  • units or shares in UK authorised unit trusts and open-ended investment companies (OEICs) which are money market schemes (sometimes called ‘cash funds’) and fund of funds schemes which invest in them

  • National Savings and Investments products which are specially designed for ISAs (but not other National Savings and Investments products such as the Investment Account, Savings Certificates or Pensioners’ Guaranteed Income Bonds)

  • certain shares and units that fail to meet the qualifying conditions for the stocks and shares component

  • after 5 April 2005, life insurance policies that fail to meet the qualifying conditions for the stocks and shares component (these will generally be policies that guarantee to return your capital at any time)

  • after 5 April 2005, the stakeholder cash product.

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