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
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...
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A type of pension that you set up yourself. You control how much you pay in (and when) as well...