Back to glossaryGlossary term
ISA (Individual Savings Account)
A savings or investment account where interest, dividends and growth are free of UK tax. You can put in up to £20,000 across all your ISAs each tax year. Cash ISAs work like a savings account; stocks and shares ISAs are invested and can fall in value. A Lifetime ISA adds a government bonus but locks the money away.
Figures are UK rates and change each April. Source: GOV.UK — Individual Savings Accounts
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