Individual Savings Account facts for kids
An Individual Savings Account is called an ISA. It is a special type of bank account in United Kingdom. It was started on 6 April 1999. Before that, Personal Equity Plans (PEPs) and Tax-Exempt Special Savings Accounts (TESSAs) were used. You can put £3600 or less in an ISA every year. It is special because you do not pay any tax on the interest you get.
All content from Kiddle encyclopedia articles (including the article images and facts) can be freely used under Attribution-ShareAlike license, unless stated otherwise. Cite this article:
Individual Savings Account Facts for Kids. Kiddle Encyclopedia.