What is an Individual Savings Account (ISA)?
An ISA is an account that lets you hold cash and/or investments without having to pay tax on any interest, investment income or gains you make on your money.
Capital at risk. The value of investments can fall as well as rise, and you may get less than the full amount you invest.
How does it work?
You can set up as many separate ISA ‘pots’ as you like within your single Cushon ISA. This means you can create individual pots for different savings goals, invest and save your money across a range of different funds, and at different levels of risk.
Access your money whenever you like without any charges. For certain types of cash deposits a notice period applies. If this is the case you'll be made aware upfront.
You can save up to £20,000 in the 2024/25 tax year.
Behind the scenes, we’ll set up your account as a Stocks and Shares ISA even if you choose to only hold cash within it. You can choose to invest some or all of your money, rather than having to switch accounts, making it easier for you to control your savings.
To open a Cushon ISA you must be aged 18 or over, be a UK resident and have a National Insurance Number. This is a flexible ISA which means you can take money out of your account and put it back in the same tax year without it affecting your tax-free allowance.
The value of investments can fall as well as rise, and you may get less than the full amount you invest.
Although we aim to make everything about saving and investing easy, there might be times when you need a bit more information or have a question about your account. Whatever you need, we’re here to support you.
Frequently asked questions
If you’ve got a general question, you might be able to find it easier and quicker by having a look at our frequently asked questions. We are constantly adding to this resource so it’s a great place to start.
In app
If you’ve downloaded our app, you can easily access our frequently asked questions or get hold of the team by sending an in-app message with or without attachments.
Email
If you prefer, you can email us at help@cushon.co.uk. and one of the team will get back to you.
Telephone
If you prefer to speak to someone, give us a call on 020 3926 0333 and one of the team will be ready to help you. Our operating hours are 9am to 5pm.
All Cushon ISAs are investment-based. Capital at risk.