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Exam Code: CAP Practice test 2023 by Killexams.com team
CAP Certified Authorization Professional

Exam Title :
ISC2 Certified Authorization Professional (CAP)

Exam ID :

Exam Duration :
180 mins

Questions in test :

Passing Score :

Exam Center :
Pearson VUE

Real Questions :
ISC2 CAP Real Questions

VCE practice test :
ISC2 CAP Certification VCE Practice Test

Information Security Risk Management Program (15%)

Understand the Foundation of an Organization-Wide Information Security Risk Management Program

- Principles of information security

- National Institute of Standards and Technology (NIST) Risk Management Framework (RMF)

- RMF and System Development Life Cycle (SDLC) integration

- Information System (IS) boundary requirements

- Approaches to security control allocation

- Roles and responsibilities in the authorization process

Understand Risk Management Program Processes

- Enterprise program management controls

- Privacy requirements

- Third-party hosted Information Systems (IS)

Understand Regulatory and Legal Requirements

- Federal information security requirements

- Relevant privacy legislation

- Other applicable security-related mandates

Categorization of Information Systems (IS) (13%)

Define the Information System (IS)

- Identify the boundary of the Information System (IS)

- Describe the architecture

- Describe Information System (IS) purpose and functionality

Determine Categorization of the Information System (IS)

- Identify the information types processed, stored, or transmitted by the Information System (IS)

- Determine the impact level on confidentiality, integrity, and availability for each information type

- Determine Information System (IS) categorization and document results

Selection of Security Controls (13%)

Identify and Document Baseline and Inherited Controls

Select and Tailor Security Controls

- Determine applicability of recommended baseline

- Determine appropriate use of overlays

- Document applicability of security controls

Develop Security Control Monitoring Strategy

Review and Approve Security Plan (SP)

Implementation of Security Controls (15%)

Implement Selected Security Controls

- Confirm that security controls are consistent with enterprise architecture

- Coordinate inherited controls implementation with common control providers

- Determine mandatory configuration settings and verify implementation (e.g., United States Government Configuration Baseline (USGCB), National Institute of Standards and Technology (NIST) checklists, Defense Information Systems Agency (DISA), Security Technical Implementation Guides (STIGs), Center for Internet Security (CIS) benchmarks)

- Determine compensating security controls

Document Security Control Implementation

- Capture planned inputs, expected behavior, and expected outputs of security controls

- Verify documented details are in line with the purpose, scope, and impact of the Information System (IS)

- Obtain implementation information from appropriate organization entities (e.g., physical security, personnel security

Assessment of Security Controls (14%)

Prepare for Security Control Assessment (SCA)

- Determine Security Control Assessor (SCA) requirements

- Establish objectives and scope

- Determine methods and level of effort

- Determine necessary resources and logistics

- Collect and review artifacts (e.g., previous assessments, system documentation, policies)

- Finalize Security Control Assessment (SCA) plan

Conduct Security Control Assessment (SCA)

- Assess security control using standard assessment methods

- Collect and inventory assessment evidence

Prepare Initial Security Assessment Report (SAR)

- Analyze assessment results and identify weaknesses

- Propose remediation actions

Review Interim Security Assessment Report (SAR) and Perform Initial Remediation Actions

- Determine initial risk responses

- Apply initial remediations

- Reassess and validate the remediated controls

Develop Final Security Assessment Report (SAR) and Optional Addendum

Authorization of Information Systems (IS) (14%)

Develop Plan of Action and Milestones (POAM)

- Analyze identified weaknesses or deficiencies

- Prioritize responses based on risk level

- Formulate remediation plans

- Identify resources required to remediate deficiencies

- Develop schedule for remediation activities

Assemble Security Authorization Package

- Compile required security documentation for Authorizing Official (AO)

Determine Information System (IS) Risk

- Evaluate Information System (IS) risk

- Determine risk response options (i.e., accept, avoid, transfer, mitigate, share)

Make Security Authorization Decision

- Determine terms of authorization

Continuous Monitoring (16%)

Determine Security Impact of Changes to Information Systems (IS) and Environment

- Understand configuration management processes

- Analyze risk due to proposed changes

- Validate that changes have been correctly implemented

Perform Ongoing Security Control Assessments (SCA)

- Determine specific monitoring tasks and frequency based on the agency’s strategy

- Perform security control assessments based on monitoring strategy

- Evaluate security status of common and hybrid controls and interconnections

Conduct Ongoing Remediation Actions (e.g., resulting from incidents, vulnerability scans, audits, vendor updates)

- Assess risk(s)

- Formulate remediation plan(s)

- Conduct remediation tasks

Update Documentation

- Determine which documents require updates based on results of the continuous monitoring process

Perform Periodic Security Status Reporting

- Determine reporting requirements

Perform Ongoing Information System (IS) Risk Acceptance

- Determine ongoing Information System (IS)

Decommission Information System (IS)

- Determine Information System (IS) decommissioning requirements

- Communicate decommissioning of Information System (IS)

Certified Authorization Professional
ISA Authorization techniques
Killexams : ISA Authorization techniques - BingNews https://killexams.com/pass4sure/exam-detail/CAP Search results Killexams : ISA Authorization techniques - BingNews https://killexams.com/pass4sure/exam-detail/CAP https://killexams.com/exam_list/ISA Killexams : ISA Transactions: The Journal of Automation

ISA Transactions is a journal of advances and state-of-the-art in the science and engineering of measurement and automation, of value to leading-edge industrial practitioners and applied researchers.

The subjects of measurement include: sensors, perception systems, analyzers, signal processing, filtering, data compression, data rectification, fault detection, inferential measurement, soft sensors, hardware interfacing, etc.; and any of the techniques that support them such as artificial intelligence, fuzzy logic, communication systems, and process analysis. The subjects of automation include: statistical and deterministic strategies for discrete event and continuous process control, modelling and simulation, event triggers, scheduling and sequencing, system reliability, quality, maintenance, management, loss prevention, etc.; and any equipment, techniques and best practices that support them such as optimization, learning systems, strategy development, security, and human interfacing and training.

The intended audience is research and development personnel from academe and industry in the field of process instrumentation, systems, and automation.

The journal seeks to bridge the theory and practice gap. This balance of interests requires simplicity of technique, credible demonstration, fundamental grounding, and connectivity to the state of the art in both theory and practice.

Manuscript Types and Categories

We publish articles (primarily relating to research or to practice), letters, or errata.

  • Errata: These publications represent an authors' or editor's correction to an article.
  • Letters: Letters to the editor would be short, one-paragraph, or so, affirmations, questions, challenges, or answers to articles or letters.
  • Research Articles: These can be from either of the categories that follow, and will primarily relate to research, investigation, and to possibilities. Normally, they focus on the fundamental analysis or mathematics of a technique. Normally they are illustrated with simulations, and are written by and for those in research.
  • Practice Articles: These can be from either of the categories that follow, and will primarily relate to the practice or to applications. Normally, they focus on the pilot-scale or full-scale application and the heuristics and post implementation audit of an application. Normally they are concerned with application results and interpretation, and are written by and for those implementing measurement and control.

Articles (research or practice) may be from the following categories:

  • Analysis: Clearly develop a fundamental, mathematical analysis of a practice-relevant application or methodology. Explicitly state implications and recommendations for its application. Provide credible examples.
  • Design: Present a complete "how-to" guide. Connect design procedures to first principles. Explicitly state heuristics and limits of applicability. Provide evidence that the procedures are practicable.
  • Application: Present the results of new (or under-utilized) techniques or novel applications. Provide a complete description of results, including pilot- or plant-scale experimental data, and a revelation of heuristics and shortcomings.
  • Tutorial/Review: Present what might become a chapter in a text - a comprehensive exposition or survey of the analysis, design and application of a technique that is practice-important but not yet common textbook material. Include a critical review of the state of the art to guide practitioner choices.
  • Editorial: Present a balanced and learned perspective on the implications of historical trends or developing issues that reveal needs and direction for action or change. The concepts could be aimed at research, standards, products, criteria for evaluation, or organizations.
  • Technical Notes: Present new concepts or initial proof-of-concept results on innovative approaches. The manuscripts would be short, perhaps two journal pages, and would not require extensive comprehensive defence required of regular papers. However, they would be critically reviewed for compliance to ISA T Aims and Scope. Technical notes are intended to accelerate the dissemination of ideas, and will be given priority in the publication queue. The title must start with the identification "Technical Note:"

ISA Transactions is a monthly publication available online to ISA members and in print for Institutions.


ISA members have access to online PDF files to current and prior articles. Members activation link to ISA Transactions publication: https://www.sciencedirect.com/science/activate/isatrans. Not a member? Join today.


For information on institutional subscriptions, both print and Science Direct, please contact Elsevier.

Wed, 26 Apr 2023 17:29:00 -0500 en text/html https://www.isa.org/standards-and-publications/isa-publications/isa-transactions
Killexams : ISA slot

Upgrading and repairing vintage laptops is often a challenge — even if their basic hardware is compatible with ordinary PCs, they often use nonstandard components and connectors due to space constraints. The Sharp PC-4600 series from the late 1980s is a case in point: although it comes with standard serial and parallel ports, the only other external interface is a mysterious connector labelled EXPBUS on the back of the case. [Steven George] has been diving into the details of this port and managed to design a module to turn it into a pair of standard ISA ports.

Apparently, no peripherals were ever released for the EXPBUS port, so reverse-engineering an existing module was out of the question. [Steven] did stumble upon a service manual for the PC-4600 however, and as it turned out, the connector carried all the signals present in an 8-bit ISA bus. Turning it into something useful was simply a matter of designing an adapter board with the EXPBUS connector on one side and regular ISA slots on the other.

An expansion board plugged into a laptop, carrying two ISA cardsThe board also has an external power connector, to avoid overloading the laptop’s internal power supply, as well as a couple of buffer capacitors to smooth out the power rails. [Steven] tested the expansion board with a network adapter and a sound card, and it appears to be functioning well. It should be noted that only the +5 V power rail is available by default, so if any cards need +12 V or any negative rail, those should be provided externally.

Gerber files for this project are available on [Steven]’s website, so if you’ve got one of these machines lying around, now might be the time to upgrade it. This isn’t the first expansion for the PC-4600 series that [Steven] developed, either: he also designed an external floppy drive adapter that should ease data transfer with other PCs.

It’s great to see how the hacker community keeps classic portables like this one alive: one day it might also need a broken screen replaced or a dodgy power supply repaired.

Sat, 19 Aug 2023 12:00:00 -0500 Robin Kearey en-US text/html https://hackaday.com/tag/isa-slot/
Killexams : Power ISA

Since Apple switched to Intel chips in the mid-00s, the PowerPC chips from Motorola and the PowerPC Instruction Set Architecture (ISA) that they had been using largely fell by the wayside. While true that niche applications like supercomputing still use the Power ISA on other non-Apple hardware, the days of personal computing with PowerPC are largely gone unless you’re still desperately trying to keep your Power Mac G5 out of the landfill or replaying Twilight Princess. Luckily for enthusiasts, though, the Power ISA is now open source and this group has been working on an open-source laptop based on this architecture.

While development is ongoing and there are no end-user products available yet, the progress that this group has made shows promise. They have completed their PCB designs and schematics and have a working bill of materials, including a chassis from Slimbook. There are also prototypes with a T2080RDB development kit and a NXP T2080 processor, although they aren’t running on their intended hardware yet. While still in the infancy, there are promising videos (linked below) which show the prototypes operating smoothly under the auspices of the Debian distribution that is tailored specifically for the Power ISA.

We are excited to see work continue on this project, as the Power ISA has a number of advantages over x86 in performance, ARM when considering that it’s non-proprietary, and even RISC-V since it is older and better understood. If you want a deeper comparison between all of these ISAs, our own [Maya Posch] covered that course in detail as well as covered the original move that IBM made to open-source the Power ISA.

Continue reading “Open Hardware Laptop Built On Power PC ISA”

Sun, 13 Aug 2023 11:59:00 -0500 en-US text/html https://hackaday.com/tag/power-isa/
Killexams : InTech Plus

Welcome to InTech Plus, the International Society of Automation's newsletter that connects automation professionals to all things automation and control. InTech Plus provides technical content,  industry-related Q&A excerpts, and the latest and greatest on industry technology and news. It is published and distributed by Automation.com, ISA’s leading online publisher of automation-related content. 

The InTech Plus contains "must-read" content for automation professionals to use in their day-to-day in their jobs. It focuses on a variety of topics, such as fundamentals of automation and control, certification, safety, cybersecurity, IoT, wireless devices, HMI, pressure, level, temperature, batch, and more. All editorial content comes from a variety of sources, including ISA books, InTech print magazine, InTech FOCUS ebooks,  training course videos, and blogs and bits from ISA’s cast of subject-matter experts.

Subscribe to the InTech Plus Enewsletter

Never miss the critical news that you need to move your engineering career forward! Receive the best of InTech magazine, blogs, and bits from ISA’s cast of subject-matter experts delivered right to your inbox.

InTech Plus is a bimonthly newsletter produced by Automation.com, a subsidiary of ISA. Subscribe to InTech Plus and other Automation.com newsletters and ebooks below.

Subscribe to InTech Plus
Wed, 12 Aug 2020 12:52:00 -0500 en text/html https://www.isa.org/intech-plus
Killexams : Information Systems & Analytics

Information Systems and Analytics (ISA) is an interdisciplinary department that considers how technology can facilitate business decisions to guide organizations to success. Our curriculum focuses on the intersection of areas like big data and business intelligence. It combines theory and strategy with hands-on experience.

As an undergraduate major in Management Information Systems or Accounting & Information Systems, you’ll have the chance to design applications in the lab and then put your learning to practice through credit bearing internships. Our Master’s in Information Systems students all complete a capstone project, which involves creating and implementing software for a local company.

Thu, 09 Feb 2023 20:16:00 -0600 en text/html https://www.scu.edu/business/isa/
Killexams : Cash ISA

Important information - The information on this page is to help you make your own decisions and is not personal advice. Withdrawals from easy and limited access products usually take one working day. Products pay a variable rate. Inflation reduces the future spending power of money. Tax rules for ISAs can change and their benefits depend on your personal circumstances.

Easy Access 3.30% | 3.25% AER/Tax-free (variable)

The HL Cash ISA

You'll hold your Cash ISA with HL, but through one online account choose your savings products from Coventry Building Society.

  • Choose a 3.30% | 3.25% AER/Tax-free variable easy access with unlimited withdrawals
  • Choose a higher 4.25% | 4.17% AER/Tax-free variable but with limited access (see below for more details)

Currently, the HL Cash ISA lets you spread your ISA allowance across easy and limited access products in the same tax year.

Products could be withdrawn at any time.

What is a Cash ISA?

It’s a tax-efficient way to save. All interest earned within a Cash ISA is free from UK income tax. If you have a standard savings account, you may have to pay tax on the interest you earn. Find out more

Save up to £20,000 this tax year

How much can I save in a Cash ISA?

There’s a limited amount of money you can put into ISAs each tax year (6 April – 5 April). This year (2023/2024) the ISA allowance is £20,000.

You can split your allowance across Stocks and Shares, Cash, Lifetime, and Innovative Finance ISAs as long as you don’t exceed the total allowance across them all each tax year. However you can’t subscribe to more than one of each type of ISA account each tax year.

Tax rules for ISAs can change and their benefits depend on your circumstances.

What's my allowance?

Cash ISA transfers

You can:

  • Transfer from the HL Cash ISA to an HL Stocks and Shares ISA

You can't currently:

  • Transfer an HL Stocks and Shares ISA into the HL Cash ISA
  • Transfer any ISAs held elsewhere into the HL Cash ISA

Register for alerts to be the first to hear when transfers into the HL Cash ISA are available.

Savings products...

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savings products

Latest Cash ISA rates

After setting up your HL Cash ISA account, you need to make a deposit into a savings product to officially open the Cash ISA. Products can be added or withdrawn at any time.

AER (Annual Equivalent Rate) shows what the interest rate would be if it was paid and compounded once each year. It helps you compare the rates on different savings products.

Tax-free: Interest in the Cash ISA is paid free of UK income tax. Tax rules can change.

Products pay a variable rate.

How can a Cash ISA help you save tax?

All interest you earn within a Cash ISA is free from UK income tax.

If you have standard savings accounts, you may have to pay tax on the interest you earn. This will depend on your Personal Savings Allowance, which is the amount of interest you can typically earn before you start paying tax on it, and your other income.

How are savings taxed?

How is money in the HL Cash ISA protected?

Money held in a savings product with Coventry Building Society has Financial Services Compensation Scheme (FSCS) protection up to £85,000.

Money in the Cash ISA which isn't in a savings product is held in the transaction account. As Hargreaves Lansdown Savings Ltd is not a bank money in the transaction account is not covered by the FSCS. Instead it's protected under the Financial Conduct Authority's safeguarding rules.

How we keep your money safe

No charges

Cash ISA charges

We don’t charge you directly to have a Cash ISA, instead we charge our banking partners. This means the same or similar products offered directly by the banks and building societies may have different interest rates to those available through the HL Cash ISA.

Trusted by 1.7 million clients

We're an award-winning FTSE 100 company that's regulated by the Financial Conduct Authority.

Expert knowledge and guidance

Tools and insight from our team of experts.

Ongoing support

Get ongoing support from the experts on our UK-based helpdesk.

Frequently asked questions

This website is issued by Hargreaves Lansdown Asset Management Limited (company number 1896481), which is authorised and regulated by the Financial Conduct Authority with firm reference 115248.

The Active Savings service is provided by Hargreaves Lansdown Savings Limited (company number 8355960). Hargreaves Lansdown Savings Limited is authorised and regulated by the Financial Conduct Authority (firm reference number 915119). Hargreaves Lansdown Savings Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 with firm reference 901007 for the issuing of electronic money.

Hargreaves Lansdown Asset Management Limited and Hargreaves Lansdown Savings Limited are subsidiaries of Hargreaves Lansdown plc (company number 2122142).

Wed, 23 Aug 2023 00:11:00 -0500 en text/html https://www.hl.co.uk/investment-services/active-savings/cash-isa
Killexams : Best cash ISAs in 2023
Best cash ISAs in 2023

If you want to make the most of savings while UK interest rates are high then a cash ISA could be for you. Here are the best cash ISAs right now including the best rates on easy-access and fixed deals.

The top-paying easy-access cash ISA currently pays interest of 4.5%. You can earn more if you are happy to lock your money away.

Even with a top-paying account, you can’t earn above UK inflation of 6.8%, meaning that your money is losing value over time. But a cash ISA can be a great place to put your money because it protects any interest that you make from tax.

In this article, we cover:

Read more: The best savings accounts

What is a cash ISA?

A cash ISA (individual savings account) is a tax-free “wrapper”. You are sheltered from paying tax on any interest earned. Read our ISA guide for more information.

If you don’t use an ISA for your savings then you need to be careful not to breach the personal savings allowance.

There are broadly two types of cash ISA: easy-access and fixed.

  • Easy access: you can withdraw money whenever you like and the rate is likely to change
  • Fixed: pays a set level of interest over a certain period of time and your money is usually locked in for the duration of the deal

There is a limit set by the government on how much you can save into your ISA each tax year while still enjoying the tax-free benefits.

Read more: With interest rates forecast to fall, what should I do with my savings?

During the current financial year, you can save up to £20,000 per year across ISA products. You can spread the allowance across difference types of ISA such as cash or stocks and shares.

You can transfer ISA allowances between providers and products.

If you are thinking about exceeding your personal savings allowance or don’t have one, a cash ISA is a useful product to protect your savings income from tax. We explain how savings interest is taxed in our guide on the personal savings allowance.

Read more: Are you really getting the best savings rates?

Best easy-access cash ISAs

The highest rate you can currently get on an easy-access cash ISA is 4.5%.

Some top-paying accounts have limits on how much or how frequently you can withdraw your money.

Always make sure you understand the restrictions on accounts before opening one.

Some accounts have limits on:

  • How much can be paid in
  • How much can be withdrawn
  • The notice period is required to take money out
  • And some require a higher initial contribution than others

Read more: Best savings accounts

In the table below, we round up the other top rates for easy-access cash ISAs.

Provider Account
Interest rate
Double Access ISA (Issue 1) 4.50% £1 /
Branch / Online / Post / Telephone More info
Easy Access Cash ISA Account Issue 25 4.43% £1,000 /
Online / Telephone More info
Online ISA (Issue 40) 4.40% £1 /
Online More info
Instant Access Cash ISA 4.40% £1 /
Online / Telephone More info
Online ISA – Easy Access Issue 39 4.40% £100 /
Online More info

Best fixed-rate cash ISAs

Fixed-rate cash ISAs usually pay a higher interest rate than the easy-access accounts because your money is tied up for a set length of time.

Watch out as you may have to pay a penalty to withdraw money early from a fixed account. Always read terms and conditions of products carefully.

Also bear in mind that if you aren’t looking for an ISA, a standard savings account might pay higher rates. We outline the top-paying non-ISA savings accounts.

Read more: Best savings accounts in 2023

Top one-year fixed rate ISAs

Happy to lock your money away for a year? Below we list the top one-year fixed-rate cash ISAs.

Provider Account
Interest rate
1 Year Fixed Rate Cash ISA 5.77% £2,000 /
Branch / Mobile Banking / Online / Post / Mobile More info
1 Year Fixed Rate Cash ISA 5.72% £5,000 /
Online More info
1 Year Fixed Rate Cash ISA 5.71% £1,000 /
Online More info
1 Year Fixed Rate Cash ISA Bond Issue 79 5.71% £1,000 /
Email / Online / Telephone More info
One Year Fixed Rate Cash ISA Issue 78 5.70% £1,000 /
Branch / Online / Telephone More info

Top two-year fixed rate ISAs

Below are the top rates currently paid on two-year fixed-rate cash ISAs:

Provider Account
Interest rate
2 Year Fixed Rate Cash ISA 5.75% £2,000 /
Branch / Mobile Banking / Online / Post / Mobile More info
2 Year Fixed Rate Cash ISA 5.73% £5,000 /
Online More info
Two year fixed rate cash ISA Issue 79 5.71% £1,000 /
Branch / Online / Telephone More info
WeBSave 2 Year Fixed Rate ISA 5.65% £1 /
Online More info
Fixed Rate ISA to 30.09.25 5.65% £1,000 /
Mobile Banking / Branch / Post More info

Are cash ISAs worth it?

Since the introduction of the personal savings allowance in 2016, many people no longer pay tax on their interest when using standard savings accounts.

As a result, many haven’t seen the point in opening cash ISAs.

However, with the Bank of England raising the base rate of interest, savers are seeing a greater return on their money which could push them over their personal savings allowance.

Not everyone gets a personal savings allowance either. Read more: What is the personal savings allowance?

We think an ISA can also be a very good idea if you:

  • Have a fairly large chunk of money you want to keep in cash
  • Are likely to breach the personal savings allowance (or don’t qualify for one)
  • Act quickly to get the best deals, as they can go fast

We go into more detail about how cash ISAs work.

Once you have a pot of easy-access savings for emergencies, you might want to consider putting your cash in a stocks and shares ISA.

In the table below you can also see how the average savings rates on standard accounts compare with ISAs and how they have changed.

Sept 2021 Dec 2021 Aug 2022 Sept 2022 Feb 2023 Mar 2023 May 2023 Jul 2023 Aug
Easy access 0.17% 0.20% 0.69% 0.85% 1.73% 1.85% 2.14% 2.42% 2.84%
Easy access ISA 0.25% 0.26% 0.76% 0.92% 1.85% 2.01% 2.31% 2.54% 2.88%
Source: Moneyfacts, based on a £10,000 deposit

Invest £50 and get £50 on Wealthify

Open a Wealthify ISA, general investment account, pension, or junior ISA and enjoy £50 cashback when you invest at least £50 within six months of opening your plan.

Sign up using.

Wealthify makes it easy for anyone to invest. Open an account, choose a risk level that’s right for you and then let their experts do all the hard work.

Warning icon

Offer extended, now closes 4 September 2023 New customers only. T&Cs apply. Capital at risk.

Best Lifetime ISAs

If you are under 40, you can open a Lifetime ISA, which gives you a 25% government bonus on your savings.

A Lifetime ISA can be used to help you save for a deposit on your first home (worth up to £450,000), or for retirement saving. We explain how a Lifetime ISA works.

There are two types of Lifetime ISA: a cash version and a stocks and shares one.

Cash Lifetime ISAs tend to have some of the best interest rates in the market.

Below are three cash Lifetime ISAs currently paying the highest rates of interest.

Provider Account
Interest rate
Cash Lifetime ISA 4.00% £1 /
Mobile Banking / Mobile More info
Lifetime ISA 3.74% £1 /
Branch / Post / Online More info
Beehive Money Homebuyer Lifetime ISA 3.30% £1 /
Mobile Banking / Mobile More info
Online Cash Lifetime ISA Issue 4 3.25% £1 /
Online More info
Cash Lifetime ISA (Issue 3) 3.00% £1 /
Online / Post / Telephone More info

Can you lose money in a cash ISA?

If the company you save or invest with goes bust, up to £85,000 of your cash is protected by the Financial Services Compensation Scheme (FSCS).

This only applies as long as your provider is authorised by the Financial Conduct Authority or the Prudential Regulation Authority.

Also bear in mind that inflation will eat away at your savings pot. While the value of your capital won’t fall (unless you spend your savings), the real spending power of your money is likely to decrease over time.

At the moment that discrepancy is vast: while the best cash ISAs pay interest of around 4% to 6%, inflation is at 7.9%.

The best way to stop inflation eroding the spending power of your cash is to invest your money in a stocks and shares ISA instead

This increases the chances of you making a return that exceeds inflation, although remember that investing is never risk free and investment returns are not guaranteed.

Stocks and shares ISAs should only really be considered for long-term savings. To find out more, check out our beginners’ guide to investing.

If you are interested in a stocks and shares Lifetime ISA, we round up the top providers top providers.

*All products, brands or properties mentioned in this article are selected by our writers and editors based on first-hand experience or customer feedback, and are of a standard that we believe our readers expect. This article contains links from which we can earn revenue. This revenue helps us to support the content of this website and to continue to invest in our award-winning journalism. For more, see How we make our money and Editorial promise

Important information

Some of the products promoted are from our affiliate partners from whom we receive compensation. While we aim to feature some of the best products available, we cannot review every product on the market.

Although the information provided is believed to be accurate at the date of publication, you should always check with the product provider to ensure that information provided is the most up to date.
Sun, 20 Aug 2023 12:00:00 -0500 en-GB text/html https://www.thetimes.co.uk/money-mentor/article/best-cash-isas/
Killexams : ISA increases security around government ministers No result found, try new keyword!Channel 12 News reports that the ISA's VIP protection unit, "Magen," decided to increase security around several government ministers, due to a high concern for their safety following the approval ... Tue, 25 Jul 2023 21:27:00 -0500 en text/html https://www.israelnationalnews.com/news/374696 Killexams : How to transfer your cash Isa

Why should I transfer my cash Isa?

The most common reason for transferring to a different cash Isa is to get a better rate.

There are no limits on the number of transfers you can make. However, you can only make new contributions into one cash Isa and one stocks and shares Isa each tax year.

Unlike transferring money held in a savings account, there are certain steps you need to take when transferring Isa savings. Do it incorrectly and your savings could lose their tax-free status and you could end up facing a tax bill.

In this guide, we explain how to move any kind of Isa savings.

Video: how to transfer your cash Isa

Watch our short video below to find out how to transfer your cash Isa to another provider.

How do I transfer a cash Isa to another cash Isa?

Step 1: Find the best rate cash Isa that allows transfers in

With dozens of accounts to choose from, it's important to research the best one for you before rushing in.

One basic way of comparing is by best rate. We've outlined the top-rate accounts that accept Isa transfers further down the page.

Step 2: Watch out for penalties

All cash Isa providers must let you remove your money if you wish to, but some may issue a penalty if you do - usually in the form of a reduction in interest.

This is most common with fixed-rate Isas that haven't yet matured - i.e. come to the end of their fixed term.

If your current Isa provider charges you for transferring funds, weigh up whether it's worth paying the penalty in order to secure an improved interest rate.

Step 3: Don't do it yourself - get your new provider to arrange the transfer

It's essential that you arrange your transfer through your new provider.

If you simply withdraw the money yourself and seek to reinvest it, this will be subject to the rules surrounding new deposits. Your savings could lose their tax-free status as a result.

Your new provider will ask you to fill in an Isa transfer form, so you'll need the basic details of your old account to hand. Some providers will also allow you to set up Isa transfers online or over the phone.

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Best-rate cash Isas that allow transfers

Inflation dropped last month, coming in at 7.9% in June 2023 according to the Office for National Statistics (ONS).

Unfortunately there still aren't any cash Isas that come close to topping that - but here are the accounts paying the most interest on cash across instant-access, notice and fixed-rate deals at the time of publishing.

Rates are updated regularly; this page was last updated on 27 July 2023. The top rates are based on an investment of £5,000.

Instant-access cash Isa accounts (unlimited withdrawals)

Excluding accounts with limited withdrawals or other restrictions, the best instant-access rate currently on the market is 4.25% AER, from Cynergy Bank and Tesco Bank.

The next-best rate is 4.22% AER, from Shawbrook Bank. 

One-year fixed-rate cash Isas

If you're able to lock your savings away for a year, you could earn 5.7% AER with the Royal Bank of Scotland and NatWest.

The next-best rate is 5.6% AER with Tesco Bank.

Two-year fixed-rate cash Isas

The highest rate for a two-year Isa is 5.9% AER with the Royal Bank of Scotland and NatWest. 

The next-best rate is 5.61% AER, from Virgin Money.

Three-year fixed-rate cash Isas

The highest rate for a three-year term is 5.51% AER, offered by Shawbrook Bank.

The next-best rate is 5.5% AER, offered by Leeds Building Society, Principality Building Society and United Trust Bank.

Four-year fixed-rate cash Isas

United Trust Bank offers the highest rate of 5.5% AER. 

The next-best rate is 4.7% EPR, from Gatehouse Bank. This is a Sharia-compliant product, and so offers an expected profit rate (EPR) as opposed to an annual equivalent rate (AER).

Five-year fixed-rate cash Isas

The current best five-year rate is 5.35% AER, from Principality Building Society.

The next-best rate is 5.22% AER, from Shawbrook Bank.

Please note that minimum and maximum deposit amounts vary, even across products with the same rate, so make sure you consider the full details before you opt for a new account.

How long does an Isa transfer take?

This depends on the type of Isa you have, and the kind of Isa you're transferring it to:

Cash to cash Isa

This should take no longer than 15 working days. When you open up your new cash Isa, you'll need to tell the provider that you want to transfer from another cash Isa, and they'll arrange the transfer.

If the transfer takes longer than 15 working days, contact your new provider to complain. Isa providers are obliged to begin paying interest within 15 days of receiving a transfer request, regardless of whether the transfer is completed or not.

Cash to stocks and shares Isa

Transferring from a cash Isa to a stocks and shares Isa can take longer - guidance from HMRC states that it could take up to 30 days. You'll need to fill out an Isa transfer form with your intended stocks and shares Isa provider, who will arrange the transfer.

Stocks and shares to cash Isa

Transferring from a stocks and shares to a cash Isa will depend on what kind of investments you own. If you have funds, such as unit trusts, it takes around five days to cash in your investments; shares take around three days.

Your cash Isa provider should supply you a form in which you list the investments you want to sell and arrange the transfer.

Stocks and shares to stocks and shares Isa

Transferring from one stocks and shares Isa provider to another can take as long as three months, depending on how you do it.

Remember, there's no limit on the number of transfers you can make, so continue keeping an eye out for the best rates.

Can I move my old Isas?

Yes. You can move all or part of previous years' Isa savings to any other Isa accepting transfers. This will not affect your Isa allowance for the current tax year.

While you're only allowed to hold one 'active' cash Isa per tax year - that is, an account into which new Isa money is being paid - you can hold multiple 'inactive' Isas from previous tax years.

Some people like to have all their money in one place, and so choose to transfer their old Isas into a single new account each year. However, there is no rule that says you must do so.

If you choose to roll up all your Isa savings into one account, be careful that this doesn't push the total amount you hold in savings with a single financial institution above £85,000 - the maximum protected under the Financial Services Compensation Scheme (FSCS).

Can I transfer my Isa if I've already paid into it this year?

If you want to transfer money already paid into an Isa in this tax year, you must transfer all of it.

For old Isas, you can choose to transfer all, or part, of your savings.

If you wish to (and provided you have not paid into a fixed-rate cash Isa), you can transfer all of your savings - including the money you have put into this year's cash Isa - to a new provider. However, be sure to check whether you'd be better off by keeping your cash separate.

Isas that allow transfers may pay lower interest rates than those that don't, so it can make sense to hold two separate Isas each year: one for older savings which you can no longer pay into, and one for the current year's Isa allowance.

How do I transfer a cash Isa to a stocks and shares Isa?

There's no limit on the amount of money you can transfer from a cash Isa to a stocks and shares Isa.

However, this option should only be considered if you're happy to accept the possibility of losing money should your investments drop in value.

Step 1: Choose a stocks and shares Isa provider

Stocks and shares Isas are offered by many investment platforms (also known as 'fund supermarkets'), as well as banks and building societies.

In order to select the best provider, you should consider the range of investments offered as well as the fees charged.

We've reviewed 15 platforms, providing unique customer satisfaction scores and star ratings for six different elements of their services.

Step 2: Fill out a stocks and shares Isa transfer form

Never withdraw money from your cash Isa yourself and then seek to reinvest it with your stocks and shares Isa provider. This type of transaction will be subject to the limits associated with new deposits.

Instead, you'll need to fill out a transfer form with your new provider who will ask you for instructions on how to invest your funds.

Step 3: Wait for your stocks and shares provider to get in touch

Your stocks and shares Isa provider will contact your cash Isa provider to complete the necessary transactions. The process should take no longer than 30 days.

During this process, your funds will keep on earning interest in your cash Isa. Your stocks and shares Isa provider should get in touch to let you know when the transfer has been completed.

There are no limits on the number of transfers you can make per tax year, but it's likely you'll have to pay ongoing charges to your stocks and shares Isa provider and for the specific investments you make, so it's a good idea to do your research before transferring any money.

These fees vary, depending on what you invest in, but aren't usually any higher than what you'd pay if you invested in stocks and shares outside an Isa.

How do I transfer from stocks and shares to a cash Isa?

Step 1: Choose your new cash Isa provider

Make sure the account works for your circumstances, and that any restrictions will still enable you to use the account as you want to.

Step 2: Fill out an Isa transfer form from the cash Isa provider

You'll need to state how much you want to transfer, and which investments you want to sell.

The transfer times could vary depending on the types of investments you are selling, for example, unit trusts take around five days to cash in, shares around three.

Step 3: Wait for your investments to be sold

After your investments have been sold, the transfer of your funds from your stocks and shares Isa should take no longer than 30 days.

Rates correct at time of publishing. Last updated 27 July 2023.

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Killexams : Pension vs Isa: The big debate

Which is best? We take a look at the merits and minuses of pensions and Isas

Which is better, an Isa or a pension? Over the last few years, it's become the big debate among retirement savers.

Everyone from granny to graduate has a view - but for most of us these days, Isas rule supreme.

And they dominant the savings world for very good reasons.

Ask yourself this: how many ways can you save money, get instant access to your cash, and enjoy protection from the Government's tax-grabbing mitts?

Answers on a postcard please (clue: pensions ain't one of them).

With the amount you can save each year raised to £10,680, a maximum of £5,340 in cash, savvy savers have quickly come to regard Isas as long-term homes for their nest eggs.

But what about pensions? Are they still worthwhile?

A few years ago, the final salary pension was a mainstay of the British workplace. And that certainly was worthwhile. Millions of workers knew they would retire in comfort, which often meant two-thirds of their final income.

But such bounteous company perks have died a ghastly and painful death in the 21st Century. At the last count, just 21 per cent of schemes were still open to new members in the private sector, compared with 88 per cent ten years ago. Around 17 per cent are closed to existing members as well, the National Association of Pension Funds says.

We're left with a barren landscape of 'defined contribution' schemes, where retirement income depends on how much you save and how fast this grows.

And yet around 14m people in Britain still have a pension. There has been a decline in the numbers still contributing with some 8.3million stowing money away last year, according to the Office for National Statistics. But this is largely due to the household squeeze on incomes, experts say.

The industry is still firing on (most of its) cylinders and modern schemes have lower charges. The Government is keen, too, and from 2012 will ask employers to automatically enroll staff into company schemes.

So surely there must be benefits? Right. There are. One is a new ability to inherit your forefathers' savings or pass on yours. You're now able to convert up to 100% of pots into cash once you hit 55 (only for the very wealthy) and leave any unused money to your loved ones on death.

But you've been able to do that with Isas for ages. So back to the big debate - what's the verdict? Isa or pension? We asked five independent experts for the lowdown.

We want you to get involved in the Big pension vs Isa debate, too. What do you reckon? Leave your thoughts in the reader comments at the bottom of this page.


Pension pros:

- Tax relief

When you pay money into a pension the Government refunds the income tax you paid on it. Effectively, basic rate taxpayers only need to put in £80 to see £100 go into their pot; 40 per cent taxpayers only need to put in £60 to see £100 added (they need to claim back 20 per cent via the taxman). When you draw on your pension you are taxed at income levels again. But in all probability you are going to have a smaller income and usually this means basic rate tax. According to Lorreine Kennedy, an adviser at Care Matters, this could mean you're 33 per cent better off than with an Isa.

- High contribution limits

Pensions have high annual contribution limits of 100 per cent of earnings, subject to an overall cap of £50,000 and a lifetime allowance of £1.5million (from April 2012).

- Employee benefits

Many companies have a staff pension scheme. Lots of these used to be generous, 'gold-plated' final salary arrangements. But now most depend on you sacrificing chunks of your salary and watching a pot grow (slowly).

However, most employers will at least match your pension contributions - some even put in more. So if you contribute, say, 6 per cent your employer might put in another 6 per cent or even 8 per cent. Look at this as a pay rise - it'd be madness to say no.

Work bonus: It's well worth taking advantage of company pensions because your employer will often contribute on your behalf - effectively a pay rise

And as you can save on National Insurance, too. With a pension you can elect for a salary sacrifice which will allow you to avoid National Insurance of 11 per cent. So a basic rate tax payer could have tax relief at 20 per cent on the contribution, plus 11 per cent national insurance saving. An Isa doesn't have any of these tax luxuries.

- Tax-free growth

Virtually tax free growth within the fund. That should mean your money's safely stored away from the Government's prying eyes. Pension funds did used to get dividend tax credits. But Gordon Brown axed this bonus in 1997. The move is said to have cost pension funds around £5bn a year. So much for 'safely stored', then.

›› Video: Are pensions worth the effort?

Pension cons

- Not accessible until 55

This is where a pension falls down; you do not have immediate access to your cash in a time of crisis. Any money in a pension cannot be accessed until you reach 55. And even then, you will need to purchase an annuity - an insurance product that pays a set income for the rest of your life - unless you have a pretty large pot (size to be decided by the Government). [Read more on this here]

Raid: Gordon Brown made changes that cut the value of pensions over time

- They're complicated

Pensions are difficult to understand and are run in complex ways. This can be very off-putting for ordinary savers who just want to know how much they need to put aside and what they'll get back in old age.

- Government meddling

Watch out, Brown/Cameron/Blair/Thatcher (insert your PM of choice here) is about! Past governments have tinkered and fudged the pensions system to no end. It's made it difficult for savers to feel that their nest eggs are secure.

- Why it's time to take politics out of pensions

And this could keep happening, says David Thurlow: 'You can't access your pension fund until the Government says you can this used to be 50, has recently been increased to 55 but could rise again. At present, you are allowed to take 25% of the pension fund as a tax free lump sum, but again, it is possible that a future government could abolish or restrict availability of this.'


Isa pros

Flexible options

Isas come in two types: a cash Isas (basically a savings account) and stocks and shares Isas (a wrapper that you can either place individual shares in, or more often a fund that will pick shares and bonds on your behalf).

- Read more: How to pick the best Isa

- Instant access

This is what makes Isas such winners. With both cash and shares Isas, you can get at your money as and when you want. Even fixed-rate cash Isas only see your money tied up for a few years. For those eager to ensure they can access their savings in an emergency here's your ready-made answer.

- Best Isa rates tables

- Simple tax rules

Once your money is in a cash Isa, you will not have to talk to the taxman again. It won't be taxed as it grows and the income you take is totally tax-free.

- The 'wrapper' effect

Stocks and shares Isas act as tax 'wrappers'. As well as tax-free growth, you do not have to pay Capital Gains Tax (CGT). The only tax payable is dividend tax at 10 per cent, which applies for both basic and higher rate taxpayers. Outside Isas, higher rate taxpayers pay 32.5 per cent. And if you use a fund supermarket as your Isa 'wrapper', costs are significantly cheaper than with a pension.

- Read more: How fund supermarkets cut costs

- Means-testing in retirement

Used as a source of income, Isas have certain benefits for retirees. 'The Isa really comes into it's own at the time the person decides to stop working and start drawing an income from the fund,' says Lorreine Kennedy.

Danny Cox explains: 'Tax free income from Isa has no impact on age related allowances for the over 65s, no impact on personal allowances for those with income over £100,000 and there is no requirement to record on a tax return.'

- Lasting simplicity

Simple solution: Isas let you access to your cash if you need it - good for emergencies or saving for a house but dangerous for retirement cash

You put your money in, you take your money out - it's very, very simple.

Isa cons

- No tax relief on contributions

There's no tax-back incentive as described for pensions above. So any growth isn't as powerful. 'On paper a pension will always produce a bigger fund for the same contribution because of the tax relief,' explains Danny Cox.

- Saving limits

You can only pay a maximum of £10,680 into Isas each year. You can invest all of it into a stocks and shares Isa, or save up to £5,340 into a cash Isa. These limits might well be sufficient for most people. Think about it, over the course of a 40-year working career, you can put away at least £430,000 (Isa limits rise each year by inflation), which will have grown over time. But what about those wanting to save more or who start late? Perhaps you can only afford to start saving for retirement when you reach your 40s - the limit here is serious restriction.

David Thurlow says: 'One of the biggest drawbacks with an Isa is the contribution levels. A maximum of £10,680 can be paid into an Isa each year, whereas for most people allowable contributions to pensions are much higher'.

- No employer contributions

David Thurlow of Atkinson Bolton says: 'Employers can't pay into ISAs but can pay into pensions. So if your employer will pay into your pension, it is nearly always best to receive this.'

- Means-testing while young

While you are still working, an Isa will affect most means tested benefits, such as income support, whereas a pension pot pre-retirement will not.


- Danny Cox (Hargreaves Lansdown)

'Isas provide an ideal way to grow tax-free cash savings as well as building capital by investing in the stock market. Isas are a better choice if access to savings is needed before age 55 or if 100 per cent of the capital is required at once.

'In reality, most people should spread their savings between Isa and pension, so they have funds which they can access if they need to, whilst at the same time taking advantage of the tax benefits of pension for retirement savings.

- Find an independent adviser near you

- David Thurlow (Atkinson Bolton)

'In my view, many basic rate taxpayers should maximise their Isas before paying into pensions. The flexibility of the ISA gives it a clear edge, especially as with the pension they will get basic rate tax relief up font but end up paying basic rate tax on most of the income. For higher rate taxpayers, especially those that are likely to be basic rate taxpayers in retirement, the pension has the advantage, if you are comfortable with the inflexibility and the risk of government meddling with the rules. Where employers are paying into the pension scheme, this opportunity should be maximised.'

- Jason Witcombe (Evolve Financial Planning)

'For basic rate taxpayers my view is that Isas are generally better. With the exception of contributions made via an employer scheme, why would you tie money up in a pension for 20 per cent tax relief when the odds are you will pay at least 20 per cent tax in retirement?'

'However, higher rate taxpayers should focus more on pensions. Take an extreme example. Someone with an income of £110,000 is paying an effective rate of income tax of 60% on the top £10,000 of their income due to the loss of Personal Allowance. Paying money into a pension gets round this. Given the choice, most people would take £10,000 in their pension versus £4,000 of post tax income that they could put into an ISA.'

- Lorreine Kennedy (Care Matters)

'Anyone planning for their retirement should consider both pensions and Isas. It depends on how much you can afford to save. If you are considering contributing a modest sum of £20 per month, then perhaps a cash Isa on its own may be most appropriate route. Anyone able to save more than the annual Isa allowance should generally consider investing the excess into a pension.'

What do you think? Have the experts got it right or is there more to it? Share your views in the reader comments below...

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

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