ISA stands for Individual Savings Account.

The main difference between an ISA and any other savings account is that it offers tax-free interest payments, and the money that you put into an ISA has no further liability to tax, as long as it stays in the ISA.

The aim of this area is give you a little bit more knowledge and understanding what an ISA is and how you could benefit from having one.

It is important to Swann Financial Consultancy and all our advisers that you are all able to have a general understanding of the different types of ISAs and to know which one is the best for you and your current circumstances.

For more information please have a look through this area on ISAs. And for more in-depth knowledge register for our live webinar.

The value of an ISA with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The favourable tax treatment of ISAs may not be maintained in the future and is subject to changes in legislation.