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 Glossary   >   M   >   "Maxi ISA" Definition   

        Maxi ISA

An Individual Savings Account which places all ISA money for the tax year with a single plan manager. A maxi ISA:must offer investment in shares, including unit and investment trusts.may offer the other two ISA components - cash and insurance - but doesn"t have to.has an overall subscription limit of £7,000 in any one tax year. has individual component limits in any one tax year as followscash: up to £3,000life insurance: up to £1,000shares: up to £7,000If you take out a maxi ISA, you cannot also take out mini ISAs or another maxi ISA in the same tax year.

Maxi ISA


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Maxi ISA - An Individual Savings Account which places all ISA money for the tax year with a single plan manager. A maxi ISA:must offer investment in shares, including unit and investment trusts.may offer the other two ISA components - cash and insurance - but doesn"t have to.has an overall subscription limit of £7,000 in any one tax year. has individual component limits in any one tax year as followscash: up to £3,000life insurance: up to £1,000shares: up to £7,000If you take out a maxi ISA, you cannot also take out mini ISAs or another maxi ISA in the same tax year.


Maxi ISA : an individual savings account which places all isa money for the tax year with a single plan manager. a maxi isa:must offer investment in shares, including unit and investment trusts.may offer the other two isa components - cash and insurance - but doesn"t have to.has an overall subscription limit of £7,000 in any one tax year. has individual component limits in any one tax year as followscash: up to £3,000life insurance: up to £1,000shares: up to £7,000if you take out a maxi isa, you cannot also take out mini isas or another maxi isa in the same tax year.