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Individual Savings Accounts / ISAs

1999 saw the introduction of a new type of savings account: the Individual Savings Account, or ISA. It allows savers to save a limited amount tax-free per annum; currently (tax year 2008/2009) this limit is £7,200. There are two different types of mini ISA in which savers can choose to invest: a mini cash ISA and a mini stocks and shares ISA. You can invest £3,600 in one or both mini ISAs or simply £7,200 in a regular ISA, which will invest part of your money in cash and part in stocks and shares. ISAs are required to adhere to the Individual Savings Account Regulations of 1998. Mini cash ISAs work in much the same way as regular savings account, paying you a fixed rate of interest on your invested capital, whilst mini stocks and shares ISAs invest your capital in the stock market and offer potentially higher returns but at a greater risk.

ISAs are explained in detail in Tax-Free Savings: Individual Savings Accounts.

  1. Insurance
    1. Health Insurance
    2. Life Insurance
    3. Home Insurance
    4. Car Insurance
    5. Travel Insurance
    6. Wedding Insurance
    7. Pet Insurance
    8. Business Insurance
    9. Unemployment Insurance
    10. Funeral Insurance
    11. Body Insurance
  2. Financing
    1. Credit Cards
    2. Debit Cards
    3. Mortgages
    4. Personal Loans
    5. Student Loans
    6. Car Loans
    7. Business Loans
  3. Investment
    1. Current Accounts
    2. Savings Accounts
    3. Stock Market Linked
    4. Tax-Free Savings Accounts
    5. Long-Term Savings
      1. Long-Term Savings Options
      2. Bonds & Gilts
      3. Pensions
      4. Savings Certificates
      5. Individual Savings Accounts / ISAs
      6. Advantages & Disadvantages
    6. Joint Accounts
    7. Student Accounts
    8. Investment Accounts
    9. Lottery Accounts
  4. Pensions
    1. Planning for Retirement
    2. State Pensions
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    4. Pension Protection
  5. Service
    1. European Rental Guide
    2. Student Life in the UK
    3. Visiting a Doctor in the EU
    4. Opening a Bank Account in the EU
    5. Guide
    6. Money Management for Students
    7. About MONETOS
    8. Resources