Individual Savings Accounts (ISAs)
Tax-efficient savings and investments
- A total ISA allowance of £7,200 each tax year
- Save up to £3,600 tax-free with a Cash ISA
- Invest the balance up to a maximum of £7,200 in a Stocks & Shares ISA
- If you are currently with another provider and would like to move your Cash ISA savings, we'll help you transfer your ISA. Saving with us couldn't be easier with our free transfer service (Your current provider may charge a fee to transfer and you should check this with them)
Are you paying too much tax on the interest your hard-earned savings make for you? Maximise your savings with a tax-efficient Individual Savings Account (ISA). Each tax year you have a total of £7,200 that may be invested in an ISA. This gives you the opportunity to save up to £3,600 in a Cash ISA and invest the balance in a Stocks & Shares ISA (£7,200 less any savings in a Cash ISA) – offered in partnership with investment specialists MLC.
How to apply
- Visit your local Clydesdale Bank branch
- Telephone free on 0800 012 1111
What you get
Enjoy the benefits of saving tax-efficiently
- Open a Cash ISA account with just £10 and save up to £3,600 tax-free in each tax year
- Invest up to £7,200 in a tax-efficient Stocks & Shares ISA each tax year
- Why pay extra tax when you don't have to?
The value of any tax benefits to you depends on your individual circumstances. The proceeds of an ISA are currently free from UK Income Tax and Capital Gains Tax. Clydesdale Bank PLC and MLC are members of the National Australia Bank Group of companies.
MLC Savings Limited and Clydesdale Bank PLC are entered in the Financial Services Authority's register and their register numbers are 191235 and 121873. 'MLC' is a trading name of MLC Trust Management Company Limited (Number 2949646) and MLC Savings Limited which are authorised and regulated by the Financial Services Authority. These companies are registered in England (Number 3663932), Registered Office: 88 Wood Street, London, EC2V 7QQ. The value of any tax benefits to you depends on your individual circumstances. The proceeds of an ISA are currently free from UK Income Tax and Capital Gains Tax. Clydesdale Bank PLC and MLC are members of the National Australia Bank Group of companies.
Anyone aged 16 years or over is eligible to apply for a Cash ISA and for a Stocks and Shares ISA applicants must be 18 or over. You must be resident and ordinarily resident in the United Kingdom.
For details of ISAs, investment limits and how they might suit you, contact your local branch.
Past performance is not a guide to future performance. The value of an investment and any income from it may fall as well as rise, is not guaranteed and you may not get back what you originally invested.
The value of any tax benefits to you depends on your individual circumstances, the Law and Her Majesty's Revenue and Customs (HMRC) practice which are subject to change.
For your security, calls may be monitored or recorded.
Clydesdale Bank PLC is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the Scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.
In respect of deposits with a UK office, payments under the Scheme are limited to 100% of the first £35,000 of a depositor's total credit balances with the Bank. In respect of investments covered by the Scheme, payments are limited to 100% of the first £30,000 of the claim and 90% of the next £20,000, resulting in a maximum payment of £48,000. Further details of the Scheme are available from us on request or from the Financial Services Compensation Scheme: www.fscs.org.uk or Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street, London, E1 8BN.