Individual Savings Accounts (ISAs)
For individuals aged 18 or over. Maximum investment 7,000 pounds (5,000 pounds from 2001) can be invested in stocks and shares or up to 3,000 pounds in cash and 1,000 pounds in life assurance.
One ‘Maxi’ ISA covering all 3 elements or a separate ‘Mini’ ISA for each element. Maximum investment in any mini ISA is 3,000. pounds