Launched in 1999 by the Government, Individual Savings Accounts (ISAs) provide savers with a tax efficient way of saving and investing money.
Account holders have the benefit of not paying tax on any interest, capital gains or profits arising from the account. The two types of ISAs available are Cash ISAs and Stocks and Shares ISAs.
As well as having standard Cash and Stocks and Shares ISAs, ethical ISAs are becoming more and more popular, which invest in ethical companies and shares.
| savings news |
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