Individual Savings Account (ISA):the income and gains are free of UK income and capital gains tax, but the 10% tax credit on dividends from UK companies is not repayable
The maximum investment in 2008/2009 is £7,200 (£7,000) with separate limits for each of the stocks and shares, and cash components.ISA tax benefits apply to Personal Equity Plans (PEP's).
Investment Limits 2008/09 Maximum Contributions
| Investment Component | 2008/09 | 2007/08 |
| Stocks & Shares | £7,200 | £7,000 |
| Cash | £3,600 | £3,000 |
Venture Capital Trusts (VCT's) Income tax relief at up to 30% (30%) on qualifying investments of up to £200,000 (£200,000) per year and dividends and capital gains exempt from tax. Capital gains can no longer be deferred into VCT'S.
Enterprise Investment Scheme (EIS)
Income tax relief at up to 20% (20%) on subscription to eligible shares of up to £500,000 (£400,000) and exemption on capital gains, or relief for losses, for income tax or capital gains tax purposes. Unlimited gains on disposals may be deferred into eligible shares.