ISA
‘Individual Savings Account’. ISAs are ‘wrappers’ in which you can shelter savings and investments from tax (they aren’t an investment in their own right).
ISAs come with handy tax advantages for investors. You pay no capital gains tax on any investment gains, and no UK income tax on income generated by your investments. You also don’t need to declare ISAs on your tax return.
To open an ISA, you need to be a UK resident, or working/serving as a UK Crown employee overseas. You must also be aged 18 or over.
More on ISAsPopular terms
This is a limit on the total tax-free lump sums that can be paid from your pensions both in your...
When you access your pension, you can usually take up to 25% of the value tax-free. The lump sum allowance...
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...