04: Types of ISA account

There is now only one type of ISA account.

Until 5 April 2008, there were two types of ISA account:

The Maxi-ISA, which had to include a stocks and shares component, but did not need to incorporate the other component.

The Mini-ISA, which had to include only one investment component.

The removal of the dual account structure has simplified ISA administration. and shares ISAs and the PEP regulations were withdrawn.

Annual investment limits 2008/09
	Cash component	Stocks and shares component
ISA	Up to £3,600	Balance up to £7,200