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Best ISA accounts
ISAs offer some great rates, and best of all, you don’t have to pay tax on any of the interest you receive. Our best buy tables help you find the juiciest offers…
Mini cash ISAs
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Free cash ISA brochures
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What is an ISA?
An ISA (Individual Savings Account) allows you to invest up to £7,200 each year tax free.
There are two types of ISA:
- Cash ISA - You can invest up to £3,600 in cash each tax year.
- Share ISA - You can invest up to £7,200 in shares.
What are the benefits of an ISA?
You can invest up to £7,200 tax free in cash, shares or a combination of both.
You can take advantage of tax breaks to earn more than you would with a standard savings account. Read our guide which compares ISAs and standard savings accounts.
What else should I know about an ISA?
- With a share ISA, you’re not guaranteed a return on your investments each year. They should be seen as a long term investments.
- Ensure that you take your full allowance each year. Once the year is over you lose any unused allowance.
- Try not to withdraw money from your ISA, as you’re not able to re-invest once you’ve made a withdrawal.
For more information read our guide to increasing your savings or our 10 tips to boosting your savings.