Monday, December 27, 2010

Individual Savings Account

An Individual Savings Account (ISA) is an account established under UK laws and regulation that allows investors some protection from capital gains tax. Other features of these accounts includes being taxed at 22.5% on dividend income, and a maximum annual investment of GBP 10,200. As noted elsewhere on this site, investors should make themselves aware of the local laws and regulations around savings, and take full advantage of any subsidies or benefits that the government provides for saving and investing.

Synonyms: Savings account, Government sponsored saving, Savings scheme, Savings incentives

If you have any questions, or disagree with the definition, or if you have anything to add then please do add your comments in the box below.

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