Individual Savings Accounts (ISAs) are a popular way to save money. With good reason. You don’t pay any tax on interest on cash in an ISA or income or capital gains from investments in an ISA.
There are four types of ISAs – cash, stocks and shares, innovative finance and Lifetime. You can put up to £20,000 a year in. And this can be spread across the four types if you choose, although there is a £4000 a year limit on what can go into Lifetime ISA.
Check it out. It’s a very effective and simple way of investing.