Find out more about our Cash e-ISA
- ISAs – what are your options
- Recently applied for a Cash e-ISA online?
- Top up an existing ISA
- Reactivate your Cash e-ISA
ISAs
If you want to use your yearly tax-free savings allowance, open a Cash e-ISA. ISAs are an excellent choice for earning tax-free interest on your money, building up long term savings and reducing your tax bill, especially if you're a higher rate tax payer.
Cash e–ISA
Our Cash e-ISA, like all of our savings cash ISAs, allows you to transfer in any other cash ISA balances. If you have fully subscribed to the cash ISA limit in a tax year, any amount withdrawn cannot be reinvested until the following tax year.
Our Cash e-ISA can be opened online or by way of an ISA transfer (which requires written completion of the Cash e-ISA Transfer In Form).
What are ISAs?
An ISA is a tax efficient way of saving or investing as all income and capital gains arising within an ISA are exempt from any personal liability to UK income tax and capital gains tax.
There are two types of ISA:
- stocks and shares
- cash
A payment by you into an ISA in any tax year is called a subscription. You can only subscribe to one of each type of ISA per tax year.
What are my subscription limits?
Because of their tax advantages ISAs are subject to annual subscription limits. For the tax year commencing 6 April 2010 the overall ISA subscription limit is £10,200, of which up to £5,100 can be subscribed to a cash ISA with one provider. The remainder of the £10,200 can be invested in a stocks and shares ISA with either the same or another provider. Alternatively, the full £10,200 can be invested in a stocks and shares ISA with one provider.
ISA limit changes 2010
You cannot subscribe to more than one type of each type of ISA per tax year.
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Recently applied for a Cash e-ISA online?
If you have recently applied for a Cash e-ISA online, please remember you have 30 days from the date of the declaration (which was provided to you as part of the online application process) to notify us of any amendments.
Please check your copy of the declaration and if you wish to notify us of any amendments, please download an
ISA declaration amendment form (PDF, 45kb)
and return it to us by post to the address quoted or drop it into your local branch.
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Top up an existing ISA
Top up your existing Cash e-ISA by real time transfer of funds from your HSBC Bank Account using Internet Banking and/or Telephone Banking.
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Reactivate your Cash e-ISA
If you already have an HSBC Cash e-ISA, but have not subscribed to it in the previous tax year (06/04/09 - 05/04/10), you will not be able to subscribe in the current tax year (06/04/10 - 05/04/11).
To reactivate your ISA and make subscriptions, please download the 'Cash e-ISA Reactivation Form(PDF)' and return it to us by post to the address quoted or drop it into your local branch.
You can also visit the branch for help from a member of staff.
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† Lines are open 8am to 10pm everyday (except Christmas Day, Boxing Day and New Year's Day).
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