ISA – Complete Guide

What is an Individual Savings Account (ISA)? Individual savings accounts are denoted by the letters. While the name is fancy, the premise is straightforward: it’s merely a tax-free savings or investing account. Each tax year, you are given an ISA allowance, which determines how much you can save in a tax-free account. How much money...

You’ve used your ISA allowance – what’s next?

Many people find it difficult to save more than £20,000 per year, or £40,000 for a couple, with the individual savings account (ISA) allowance now at £20,000. However, you may receive an inheritance, a lump sum payout from a pension, or an unexpectedly significant redundancy payment when an investment matures or you receive an inheritance....