Individual Savings Account
UK tax-free account for savings and investment in the United Kingdom, a tax-free savings or investment account. Both cash ISAs and stocks and shares ISAs are available. The maximum that can be invested per tax year is capped, at £11,280 for 2012–13, up to £5,640 of which can be saved in cash. Formerly, Mini ISAs allowed investment in either cash or stocks, and Maxi ISAs investment in both together.
Related definitions of "Individual Savings Account"
- Abbr ISA