Tax Free Cash ISAs

Instant Access Savings Accounts

Children's Savings

The overall ISA limit for 2019/2020 is £20,000 and for 2020/2021 is £20,000, with the option to save all or some of the full allowance in cash. You can split your allowance across a stocks and shares ISA, innovative finance ISA and either a cash ISA or Help to Buy: ISA each tax year, providing you do not exceed the Help to Buy: ISA monthly subscription allowance. You cannot subscribe to a Cash ISA and a Help to Buy: ISA in the same tax year.

Key to numbers in brackets

1. You need to hold a Virgin Money Current Account to qualify for Virgin Money Instant Savings Account and Signature Current Account for a Signature Savings Account.
2. Gross interest is the interest payable without taking account of any tax payable. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HMRC. If you would like to read more about your Personal Savings Allowance, please visit the Government website www.gov.uk.
3. Any withdrawals you make in the current tax year can be replaced without the replacement money counting towards your annual subscription limit. The replacement money has to be paid back into your ISA in the same tax year it is withdrawn or you will lose the ability to replace it.
4. Tax Free ‐ Is the rate payable when income is exempt from income tax. 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.
5. Offsetting means you can use the money in your savings account to reduce the amount of interest you pay on your existing Yorkshire Bank offset mortgage. Remember, no credit interest will be paid on account credit balances that are used for offsetting.
6. If children are over 11 years of age or over, they can open and operate the account in their name provided their parent, guardian, grandparent or other responsible adult agrees. If children are under 11, the account can be opened in their name and operated by their parent, guardian, grandparent or other responsible adult.