Isa Comparison Table Sources of isa comparison table resources from the Web

But in different years, you could choose to save with different managers. There are no limits on the number of different ISAs you can hold over time.

There are two types of ISA: Mini ISAs and Maxi ISAs. You can put money into either of them in any tax year, but you cannot put money into both a Mini ISA and a Maxi ISA in the same tax year.

These investments must meet certain conditions to qualify for ISAs. ISA managers will be able to tell you which ones can be included in their own ISAs.

You can only open an ISA if you are resident and ordinarily resident in the UK for tax purposes (ask your Inland Revenue office if you are in any doubt about this).

The insurer does not have to pay tax on income and capital gains on investments used to back your ISA life insurance policies. You do not have to pay any tax when the policy pays out.

Crown employees, such as diplomats or members of the armed forces, who are working overseas and paid by the Government are eligible to open an ISA. Their spouse can also open an ISA.

ISA cash, savings and investments must always remain in the same component. You cannot move funds from, say, a cash ISA with one manager to a stocks and shares ISA with another. A particular ISA may only allow certain types of savings or investments. For example, some collective investment scheme and life insurance products may fall into the cash ISA component so they can only be transferred into another cash ISA, but not all cash ISA providers sell insurance or investment products. If you are not sure what type of savings or investments you hold you should ask your ISA manager. If you want to include savings and investments that are not available for your ISA, you may have to transfer to another manager.