Individual savings accounts (Isas)
Individual Savings Accounts (Isas) are a way of saving and investing without paying income tax or capital gains tax. An Isa is not an investment in itself, but a 'wrapper' into which you can put investments. There is a limit on the amount you can save in an Isa each year. The limit for 2011/12 is £10,680, of which up to £5,340 can be put into a cash Isa.
• For an excellent introduction to investing tax-free in Isas, watch Tim Bennett's video tutorial:
Why you need an Isa
Recent articles
(3)
(13 April 12)
The deadline to top up your Isa may have come and gone, but don't be tempted to look elsewhere, says Merryn Somerset Webb. Isas are still the best bet.
(05 April 12)
This time of year, the papers are crammed full of advice badgering you to take out an Isa, says Bengt Saelensminde. But here are three good reasons for taking one out that you won't read elsewhere.
(29 March 12)
If you are under the age of 50, it’s prudent to assume the government can’t afford to give you a pension. So what should you do? Phil Oakley reports.