Life insurance

ISAs (Individual Savings Accounts)

ISAs are a great way to help you save for your future. 
The main advantage of an ISA over an ordinary savings or investment account is that you don’t pay tax on your returns, no matter how much they grow.

What Saga can offer you

Saga offers a range of ISAs to suit a variety of needs.

Cash ISAs, like other savings accounts, pay a defined rate of interest over a certain period of time.
They are very popular because, as well as keeping your capital secure, they protect the interest you earn from tax, so you benefit in full from the interest your savings earn.

Investment ISAs (also called stocks and shares ISAs) are tax-free accounts where your investments are held. You don’t pay tax on any money you make from investments held in an investment ISA, either through any income you make through dividend payments or any profit you make through selling your investments.

Please remember the value of your investments can go down as well as up and any tax relief will depend upon your individual circumstances and may be subject to change.

The Saga ISA Options

Saga ISA Saver (Issue 14)

The Saga ISA Saver is a tax-free, variable-rate savings account that gives you the freedom to access your savings at any time, while making the most of your tax-free annual ISA allowance.

It allows you to earn 0.75% tax-free/AER variable, including a fixed 18-month bonus of 0.70% on balances from £1. Interest is paid 12 months after the date you deposit money into the account, then again 6 months later and after this, on a yearly or monthly basis.

The Saga ISA Saver is provided by Birmingham Midshires.

Saga Investment ISA

The Saga Investment ISA is great value, easy to use and simple to open.

You can use up all your ISA allowance with a wide range of investments and set your account up in minutes.

This advertisement is issued by Saga Investment Services Limited, an appointed representative of BestInvest (Brokers) Limited.

Clicking on the button below, will take you to the Saga Investment Services Limited website.

Capital at risk.

How do I invest?

The good news is, you don’t have to pick either one or the other. You are free to invest in both cash and investment ISAs in the same financial year.

The only thing you have to watch out for is that you don’t exceed your total ISA limit in any given tax year. For the 2016/17 tax year, this limit is £15,240.

This limit only applies to the amount you put into your ISA. If, for instance, you put £10,000 of shares into an investment ISA in April and their value grew to £20,000 by November, you would not have exceeded your limit. You could still add an additional £5,240 to your ISA before the end of the tax year. 

Please remember the value of your investments can go down as well as up and any tax relief will depend upon your individual circumstances and may be subject to change.

How do they compare?


   Cash ISA  Investments ISA
 With all providers
Type of yield  Yearly or monthly interest payments Profit from investments
 Capital at risk  No  Yes
 Withdrawals  Available at any time  Available at any time
2016/17 ISA allowance Split the allowance between a cash and investment ISA, as long as the combined amount doesn't exceed £15,240
 With Saga
Fees and charges  None 0-0.4%
 Returns  0.75% for 18 months  Dependent on investment performance
 Open an account  Telephone or online  Telephone or online
 Manage your account  Post only  Telephone or online


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