ISAs explained

Get to grips with the basics of investing in ISAs

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Frequently Asked Questions about ISAs

What is an ISA?

ISA stands for Individual Savings Account.

The main benefit of an ISA is that you can save, or invest money, without paying income tax on any earned interest.

What are the 4 different types of ISAs?

There are 4 types of ISA:

  • cash ISAs
  • stocks and shares ISAs
  • innovative finance ISAs
  • lifetime ISAs

You can read more about the different types of ISAs in our guides here.

Get a free Pension Health Check

If you’re thinking about getting professional financial advice, you can find a local financial adviser on VouchedFor or Unbiased.

Alternatively, if you’re looking for somewhere to start, we’ve partnered with independent advice firm Fidelius to offer Rest Less members a free initial consultation with a qualified financial advisor. There’s no obligation, however if the adviser feels you’d benefit from paid financial advice, they’ll talk you through how that works and the charges involved.

Fidelius are rated 4.7 out of 5 from over 1,000 reviews on VouchedFor, the review site for financial advisors.

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