WTF is an ISA? Part One

ISAs are one of those things everyone says you should have… but what actually are they? What does ISA actually stand for? Is it just another savings account, or something different? And with several types (like Cash ISAs, Stocks and Shares ISAs, Lifetime ISAs and Junior ISAs) it’s easy to feel a bit confused about what they actually do and which one you might need. In this episode we break down what an ISA really is, why it’s such a useful tool for saving and investing, and how the tax advantages work. We’ll explain the different types available, how the annual allowance works, and how to choose the right kind of ISA depending on what you’re trying to achieve with your money.