Monday, January 3, 2011

Mini-ISA

A mini-ISA is a retirement savings vehicle in the UK, which focuses only on one of the ISA's three possible elements i.e. shares, cash, and insurance. According to the regulations on ISAs, people can put £3000 in a mini-cash ISA, £1000 in a mini-insurance ISA with the remainder in a mini-shares ISA. If an investor purchases a mini-ISA during the tax year, they can not then also purchase a maxi-ISA in the same tax year.

Synonyms: ISA, Individual Savings Account

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If you have any further questions or would like to add to this fund management term, then please submit your thoughts below.

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