What is an ISA?
Put simply, an ISA is an individual savings account that has special tax advantages. The ISA itself is simply a wrapper within which you can hold shares, funds (unit trusts and OEICs) and cash investments. ISAs are designed to be a flexible way of earning a tax-efficient return on your investments. Because they have special tax privileges there is a limit to the amount you can invest annually in cash, shares, and/or funds. You can, however, invest your annual allowance with one or several providers.
