How to Invest in and Manage an ISA

A basic explanation about how to invest in an ISA and how to manage your money within this tax-efficient wrapper

Holly Cook 11 March, 2013 | 7:00AM
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This article is part of the special series, Investing with ISAs. To learn about ISA basics, read "All About ISAs for 2012-2013".

How Do I Invest in and Manage an ISA?

The maximum that you can put into an ISA account for the 2012-2013 tax year is £11,280. In the 2013-2014 year, you can put in up to £11,520. (Each tax year runs from April 6th until April 5th of the following calendar year.)

You can own a cash ISA, which can hold up to £5,640 for the 2012-2013 year; or you can put the whole amount into an investment-focused ISA. Alternatively, you could go for a mixture of the two, primarily investing your money in shares and bonds but also having a portion—up to half the total annual allowance—in cash.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Holly Cook

Holly Cook  is Manager, Morningstar EMEA Websites