ISAs let you save and invest completely free from UK Income Tax and Capital Gains Tax. With MG Capital, you can open and manage your ISA in minutes.
MG Capital offers three types of ISA to suit different savings goals — from safe cash saving to long-term investment growth.
Earn tax-free interest on your cash savings with no risk to your capital and full FSCS protection up to £85,000.
Invest for a child's future completely tax-free. Money is locked in until they turn 18, making small contributions grow substantially over time.
Not sure which ISA is right for you? Compare the key features side by side.
| Feature | Cash ISA | Stocks & Shares ISA | Junior ISA |
|---|---|---|---|
| Annual Allowance | Up to £20,000 | Up to £20,000 | Up to £9,000 |
| Minimum deposit | £1 | £500 / £25pm | £25pm |
| Capital at risk? | No | Yes | Depends on type |
| FSCS protection | Up to £85,000 | Not applicable | Up to £85,000 (cash) |
| Withdrawals | Anytime | Anytime | At age 18 only |
| Tax on returns | None | None | None |
Time is the most powerful force in investing. Consider this scenario: an investor puts £10,000 into a Stocks & Shares ISA and adds £500 per month, earning an average of 7% per year.
Total invested: £130,000
Estimated value: £282,400
Tax saved vs. non-ISA: Approx. £27,000
This is for illustrative purposes only and assumes consistent growth. Actual returns will vary. However, the point is clear: the tax protection of an ISA compounds just as powerfully as investment returns over time.
A Junior ISA (JISA) is one of the most tax-efficient ways to save for a child. Parents or guardians can open the account, but anyone can contribute — ideal for grandparents, godparents and other family members.
The money belongs to the child and cannot be withdrawn until they turn 18, when the account automatically converts to an adult ISA. This long time horizon makes it particularly powerful — even small regular contributions can grow substantially.
Yes, you can hold multiple ISAs — but you can only open and pay into one of each type per tax year. For example, you could pay into one Cash ISA and one Stocks & Shares ISA in the same year, as long as your combined contributions don't exceed £20,000.
ISA allowances cannot be carried forward — any unused allowance is lost at the end of the tax year (5 April). This is why it's worth planning your ISA contributions early each year to make the most of your tax-free allowance.
Yes. You can transfer ISAs from other providers to MG Capital without losing the tax-free status of the money. Cash ISAs can be transferred to either a new Cash ISA or a Stocks & Shares ISA. The transfer process typically takes 15–30 business days.
Yes, unlike pensions, ISAs are included in your estate for Inheritance Tax purposes. However, if you leave your ISA to a spouse or civil partner, they benefit from an Additional Permitted Subscription (APS) — they can invest an amount equivalent to your ISA into their own ISA, preserving the tax wrapper.
It takes just a few minutes — and your money starts working tax-free immediately.
For illustrative purposes only. Not financial advice.