The ISA basics
ISAs are simply a type of account that either saves or invests your money with the aim of growing it. But there are a few rules and limits to be aware of.
Cash ISAs vs stocks and shares ISAs
Cash ISAs earn interest, like some savings accounts do, whereas stocks and shares ISAs invest your money with the aim of growing it by more than inflation, although this isn't guaranteed.
Lifetime ISAs
Planning on owning your own home someday? A lifetime ISA is a type of ISA designed exclusively for young people (18-39) wanting to buy their first home or put extra money away for life after 60. It comes with a government bonus worth up to £1,000 a year!
ISAs and tax
ISAs are tax-exempt, meaning there's no Capital Gains Tax or income Tax to pay on the money you take out.
Investing for beginners
Everyone has the right to invest their money, but sometimes it can feel overwhelming.
Stocks and shares ISAs can be a good way to get started as some ISA providers, like us, offer simple investment options built around how comfortable you are taking risk with your money.
