What Is An ISA And How It Works
Summary
ISAs are available for all UK residents over the age of 16 and they come in many different types: new investors, or people that want to start saving their money, can choose the best kind of account according on their financial and life situation. Nowadays you can even open and Individual Savings Account for your underage children, to secure a more stable economic future for them. When opening a Stock and Shares ISA you won’t be just saving money, but you’ll be investing it and giving it the chance to generate an economic return. This kind of account gives you the chance to invest money in stock, shares, bonds, estate and so much more. As a matter of fact, Junior ISAs can be opened by a parent or by a legal guardian to save money for their children without paying any tax on it.