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newbie ISA question

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Hi, a quick question, if I put 15000 into a Stocks and Shares ISA, how long does it stay tax free? If left the isa for a period of 5 years and it made money, would Ihave to pay tax??

Regards
Dave

Comments

  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    It remains tax free for as long as it remains an ISA.
  • RickyC_IFSWP
    RickyC_IFSWP Posts: 203 Forumite
    There's no time limit... ISAs are tax-free.
    "If you will change, everything will change for you." - Jim Rohn

    I simply use these forums to share my knowledge, reinforce my learning and experience as an IFA. Please remember, if your circumstances are complex, speak with your local IFA from Unbiased or VouchedFor directories for regulated financial advice.
  • djt1959
    djt1959 Posts: 7 Forumite
    Wow that was quick, many many thanks.:beer:
  • RickyC_IFSWP
    RickyC_IFSWP Posts: 203 Forumite
    djt1959 wrote: »
    Wow that was quick, many many thanks.:beer:

    I saw your profile pic and had to help immediately. :beer:
    "If you will change, everything will change for you." - Jim Rohn

    I simply use these forums to share my knowledge, reinforce my learning and experience as an IFA. Please remember, if your circumstances are complex, speak with your local IFA from Unbiased or VouchedFor directories for regulated financial advice.
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