ISA's...

Uther

Uther

Uther

Soldato
Joined
16 Jun 2005
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Bit confused about these, but later this year we will receive some cash. Is it the case that each ISA is individual, so both my partner and I could stick 15k each in one?
And the following April open 2 new ISA's and stick the maximum in again?
Could our 17 year old son have yet another ISA, with another 15k in it?
I notice there are also stocks and shares ISA's, I assume these carry considerably more risk?
^^ Not money laundering... :p
 
I know rates are crap currently, but our thinking is at least we won't lose so much as we would just keeping it in a current/savings account, or under the bed!
45k would make a small amount at least.
 
So it might actually be better to put the money in to a current account and take the tax hit rather than a tax free ISA! Doesn't seem to make much sense really.
 
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