Ima logo  
Search Search button
 
  Investment Management Association
Fact sheet home Investors IMA home

A GUIDE TO SAVING AND INVESTING IN ISAs

This guide explains the different types of ISA that are available, whether you are eligible to save or invest in an ISA, the maximum amount you can put into an ISA each year and the tax savings you can make.

If you are thinking about investing within an ISA, you may also like to read our guide to investing, ‘Introducing Investment'.

WHAT IS AN ISA?

ISAs (Individual Savings Accounts) were introduced by the government to encourage people to save. They are often referred to as "tax wrappers". This simply means that when you save or invest within an ISA you pay no tax, or less tax than usual, on the income you earn or on the profits you may make.

TYPES OF ISAs

There are two types of ISA:

  • Cash ISAs.
  • Stocks and shares ISAs.

If at any time you are unsure about your investment objectives or attitude to *risk*, you should contact a *financial adviser*. Details of how to contact a financial adviser can be found here.

next>>