individual savings account


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individual savings account (ISA)

a SAVINGS scheme introduced by the UK government in 1999 to replace PERSONAL EQUITY PLANS which allows investors to secure tax-free interest and capital gains. ISAs provide for a maximum investment of £7000 per tax year. Initially, ISA investment was limited to stocks and shares growth and income funds. More recently, under ‘mini ISA’ rules up to £3000 can be invested in a mini stocks and shares ISA, up to £3000 in a mini cash ISA and up to £1000 in a mini insurance ISA. In the case of ‘maxi ISAs’ the above allowances still apply with the exception that it is possible to invest all £7000 in stocks and shares. See PORTFOLIO, TRACKER FUND.

individual savings account (ISA)

a SAVINGS scheme, introduced by the UK government in 1999 to replace PERSONAL EQUITY PLANS, that allows investors to secure tax-free interest and capital gains. ISAs provide for a maximum investment of £7,000. Initially, ISAs covered only stocks and shares but have been extended to include other assets, specifically cash and insurance. Under ‘mini ISA’ rules, up to £3,000 can be invested in a mini stocks and shares ISA, up to £3,000 in a mini cash ISA and up to £1,000 in a mini insurance ISA. In the case of ‘maxi ISAs’ the above allowances still apply with the exception that it is possible to invest all £7,000 in stocks and shares. See PORTFOLIO, TRACKER FUND.
References in periodicals archive ?
Which is an Individual Savings Account available from all British banks that provides the most favourable tax rates.
Saving in a pension was compared with buying a house, putting funds into an Individual Savings Account (ISA) or investing in buy-to-let property by the IFS, which concluded that the main reason pension were more tax-efficient was that under the auto enrolment programme, employers have to match employee contributions, giving workers a 60% boost to their pension pot.
Four in five (79 per cent) adults knew that LOL means Laugh Out Loud in text speak, while three in five (60 per cent) knew that Isa stands for Individual Savings Account, according to Nationwide Building Society research.
Islamic Bank of Britain plc (IBB), the UK's only wholly Shari'ah compliant retail bank, today announced the launch of the IBB Notice Cash Individual Savings Account (ISA).
A stocks and shares Individual Savings Account can be invested by your stockbroker in investments individually suitable for you - after establishing your investment objectives and risk tolerance.
MC) has announced that it has launched an individual savings account (ISA) that rewards customer loyalty.
Any individual savings account allowance not used by April 5 will be lost forever.
IF you haven't used your mini-cash Individual Savings Account (Isa) allowance this year, do it now, as returns are tax-free.
There are nine days to go until the October 5 deadline for putting your cash into a Tessa-only Individual Savings Account (Toisa).
Two multiples have taken opposing positions concerning the government's Individual Savings Account scheme.
When I started out, I was really [leaning] much more towards the Chilean, individual savings account," he says, referring to the much revered plan enacted by Chile in the early 1980s that is entirely based on mandatory savings.

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