Individual Savings Accounts (ISAs)
 
An Individual Savings Account is a tax efficient investment
whereby you can protect your savings from
income tax and capital gains tax
as there is no further tax to pay in the investors hands.
 
An ISA may be either a Maxi ISA or a Mini ISA.
 
Mini ISA’s consist of just one type of investment –
cash, stocks and shares or life insurance
and each type can be bought from different providers.
 
A Maxi ISA is from one provider and must include
stocks and shares (unit trusts, OEICs).
 
It is possible to include a cash deposit and life assurance
if the one provider offers them.
 
It is only possible to invest in either
a Mini or a Maxi ISA in a tax year.
 
We are currently recommending our clients use
the Cofunds service for this type of investment.