An Individual Savings Account (ISA) is a type of savings account that allows you to save tax-free up to a specific value each year. ISAs are available in the United Kingdom and are offered by banks, building societies and other financial institutions. They have become increasingly popular over the years as they offer many advantages over traditional savings accounts, such as greater flexibility and higher interest rates. The purpose of an ISA is to help people save for their long-term financial goals, whether retirement, a dream home or a rainy…
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