09:24 17 September 2013
ISA is one of the best savings accounts available on the UK market (only for UK citizens) as it offers tax-free services. The ISA allows to you to save any income you may receive from such things as shares or stocks, and not pay taxes for them. There are two types of ISA, one of them is for cash (you must be 16 years-old at least to open it), and the other for investments (in this case, you have to be at least 18 years-old). Let's take a look of the major advantages of this particular savings account:
If you want to open an ISA saving account, make sure to read the contractual regulations carefully, as there are specific norms concerning the type of investments you are allowed to make and how much money you can save each fiscal year without paying taxes for it. You should know exactly what ISA is and how it works before joining the other 20 million UK citizens who use it.
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