One less reason to worry about ISAs

Updated

People investing their money in an ISA for the long term will, understandably, be concerned about what happens if the bank or other institution managing the cash actually goes bust.

Providing you are within the limits of the Financial Services Compensation Scheme and have no more than £85,000 invested with any one institution, you'll get all your money back. But had you been able to leave the money where it was, you would have had potentially many more years of tax-free ISA returns coming your way.

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