Individual savings accounts – or ISAs as they have come to be known – have been with us now for some time, with people across the UK making use of these savings facilities to achieve both short an...
d long-term savings goals.
However, it seems there are a large number of people out there who have so far stayed away from ISAs, instead relying on savings accounts that may offer less competitive rates of interest and certainly don’t offer the same tax-efficiency. It’s been suggested that this could be because of the various myths that surround ISAs, myths that a brand new infographic seeks to lay to rest by answering a series of frequently asked questions.
Maybe you’re unsure of some of the differences between a cash or stocks and shares ISA? Perhaps you are wondering about what type of funds – from windfall to inherited shares – you can put into one? Even if you just want to know what savings allowances are for these products, this infographic could be just what you are after.
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