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Individual Savings Accounts (ISAs)
ISAs represent a tax free wrapper into which to place cash savings and investments in equities and bonds collectives. 

Currently, up to £3,600 can be invested into a Cash ISA per tax year.  It is usually invested with a bank or building society and because it is an ISA, interest is not taxable.

The maximum investment that can be made into an Equity ISA is £7,200 per tax year.  It is possible to have a Cash ISA (£3,600) and a Equity ISA (£3,600) per tax year.