Individual Savings Accounts (ISA accounts) provide savers with a great alternative to regular savings accounts, as normal accounts pay interest that is subject to tax (20% for lower rate tax-payers and up to 50% for higher rate tax-payers), but ISAs provide tax free interest which was passed by the government in an effort to encourage saving.
Every individual is given a yearly allowance of up to £10,680 to invest in both cash ISAs and stocks and shares ISAs. You are can invest the full limit into a stocks and shares ISA, or mix you allowance between the two, but you can never invest more that £5,340 per tax year into a cash ISA.
Which4U compares all the best ISA accounts allowing you to make a choice based on clear information shown in our ISA tables.
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