(Individual Savings Accounts) The replacement for PEPs (from April 1999), allowing investment to be made each year within a tax-favoured environment.
Individual Savings Accounts. A new form of low cost, tax-free savings scheme that is being introduced in the UK in 1999. ISAs can include shares, life insurance policies and cash.
ISAs (Individual Savings Accounts) offer investors tax-efficient growth, generated mainly by stockmarket investment. Due to the investment element of some ISAs, it is important to note that past performance is not necessarily a guide to future performance.