1. ISA Basics

The Motley Fool

There's not much of our money that we can hide away from the prying eyes of the taxman, but an ISA is one way of doing it. ISA stands for Individual Savings Account and it's simply a special type of savings and investment account, which is more or less immune from tax.

Think of an ISA as being like a shark cage, with your money floating around inside it completely protected from any encircling tax sharks. So an ISA isn't actually an investment itself, but more of a protective wrapper into which you can put your money.