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INDIVIDUAL SAVINGS ACCOUNTS (ISAs)
Each year the annual ISA allowance is set by the Treasury. The Individual Savings Account currently allows you to invest up to £10,200 a year with the deadline to use the ISA allowance being the 5th April.
An ISA can contain up to two different types of investments: Cash (including National Savings Plans) and Stocks and Shares. ISAs tend to be a very popular savings vehicle as contributions grow tax efficiently. ISAs are also very flexible and allow a lump sum as well as regular fixed contributions. ISAs are open to UK residents over 18, while 16–17 year olds can have a Cash ISA.
The value of investments and income form them may go down. You may not get back the original amount invested.