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 "ISA"
- Full form Individual Savings Account