ISA Guide
What is an Isa?
An Isa (Individual Savings Account) is a tax-free annual investment allowance launched in 1999 to replace the Pep and Tessa allowances. When you put your savings, shares or life insurance into an Isa account, your income and gains from the investments are free from personal taxes.
There are two ways of investing:
- Maxi - an account from one provider that takes in the full £7,000 annual allowance.
- Mini - one account per component, with £3,000 for cash or £3,000 for stocks and shares. These can be from two separate providers. You cannot mix and match these allowances as in a maxi.
What to do next
Simpli Independent can help you decide on the right ISA & provider for you, making sure you maximise your tax free savings.
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News & Press
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The rate of inflation is expected to have risen above 3% when the figures for May are released by the Bank of England later.
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27th March 2008
Money inherited from his grandparents helped Tony Richardson take advantage of this year's individual savings account (Isa) allowance and earmark funds for another Isa at the start of the next tax...