ISA
An ISA, or Individual Savings Account, is a tax-efficient account in which interest, dividends and gains are free of UK income tax and capital gains tax.
Also known as: Individual Savings Account, ISAs, cash ISA, stocks and shares ISA
Types include cash ISAs, stocks and shares ISAs, Lifetime ISAs and Innovative Finance ISAs. There is an annual allowance across all your ISAs, which is set by the government.
Use official transfers to move an ISA between providers. Withdrawing and repaying yourself may use your allowance.
Free, impartial guidance is available from MoneyHelper and Pension Wise. Be wary of any unsolicited offers about your pension or investments.
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How ISAs work in the UK: cash, stocks and shares, Lifetime and Innovative Finance ISAs, the annual allowance, transfers, rules for children and how to choose.
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A practical UK guide to saving money every month: set goals, automate savings, choose an account and make use of the Personal Savings Allowance and ISAs.
9 min readReadThis page provides general information only. It is not personalised financial, legal or tax advice, and rules and figures can change. Your situation is unique — please check official sources such as GOV.UK and MoneyHelper, and speak to a qualified, FCA-authorised adviser before making important decisions about your money.