kids encyclopedia robot

Individual Savings Account facts for kids

Kids Encyclopedia Facts


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.

Black History Month on Kiddle
Famous African-American Inventors:
George Robert Carruthers
Patricia Bath
Jan Ernst Matzeliger
Alexander Miles
kids search engine
Individual Savings Account Facts for Kids. Kiddle Encyclopedia.