Explaining ISAs

• First off - an ISA (Individual Savings Account) is a great way of paying less tax. You can put up to 7,000GBP a year in. You have different options, all invested in equities, or split between different things (such as cash, insurance and equities). You are right that the maximum you can put in as cash per tax year is £3,000. You can use the stocks portion to buy funds which resemble cash in their behaviour though, if that is the investment choice you want to make.

  Anonymous 23 Jun 2005, 07:14 - Report

ISAs