Stocks & Shares ISA

An Individual Savings Account is a tax-free wrapper that protects your savings and investments from UK income tax and capital gains tax. The annual subscription limit for the 2025/26 tax year is £20,000 across all adult ISAs.

Lifetime ISA

The Lifetime ISA (LISA) is designed for first-home buyers and retirement. You can pay in up to £4,000 each tax year and the government adds a 25% bonus, up to £1,000 a year, that grows tax-free alongside your contributions.

Junior ISA

A Junior ISA (JISA) is a tax-free savings or investment wrapper for under-18s. The 2025/26 annual subscription limit is £9,000 per child, and the funds are owned by the child once they turn 18.

Self-Invested Personal Pension (SIPP)

A SIPP is a defined contribution pension you control yourself. Contributions receive tax relief at your marginal rate, the funds grow tax-free, and you can usually access them from age 55 (rising to 57 in April 2028).

Workplace Pension

Most UK employees are automatically enrolled into a workplace pension. You contribute via salary sacrifice or net pay, and your employer adds a minimum 3% on top. Combined minimum contributions sit at 8% of qualifying earnings.

State Pension

The new State Pension provides a foundation income in retirement. For 2025/26 the full new State Pension is £230.25 per week (£11,975 per year). You need 35 qualifying years of National Insurance contributions to receive the full amount.

General Investment Account (GIA)

A General Investment Account is an investment account without the tax shelter of an ISA or pension. You'll pay income tax on dividends and interest above your allowances, plus capital gains tax on profits above the annual CGT allowance.

Defined Benefit Pension

A defined benefit (DB) pension pays a guaranteed income for life, usually based on your salary and years of service. Final salary and career-average schemes are both forms of DB.