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ISA Facts, eligibility & options
Eligibility for investing in an ISA
Normally an investor must be a UK Resident over the age of 18. However,
cash ISAs are available to 16 and 17 year olds.
Each investor may only hold an ISA individually and not jointly with
another investor.
ISA Options
In any one tax year, an investor can choose to invest in either:
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One MAXI ISA with one provider
 A MAXI ISA may consist
of three compartments:
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Stocks and Shares element
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Life insurance
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Cash
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Or
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Up to three MINI ISAs, restricted to one of each type
(cash/ insurance/stocks & shares), with three separate providers.
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Cash ISA: This includes
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Deposit accounts from banks and building societies
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Especially designed National Savings products
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Money market unit trusts
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Insurance ISA: This includes own life plans especially
designed for ISAs
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Unit linked
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With Profits
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Stocks& Shares ISA: This includes
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Shares of PLCs anywhere in the world
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UK authorised unit trusts
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UK OEICs
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UK investment trusts
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UCITS
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Corporate bonds
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UK Government gilt stock
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