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Register Now!ISAs were introduced in April 1999. An ISA is a 'wrapper' which, under current legislation, allows your savings to grow free from income or capital gains tax (whatever your rate).
At present it is possible to invest a maximum of £11,280 for the 2012/2013 tax year in an ISA. There are two different types of ISAs, Stocks & Share and Cash. You can only have one Stocks and Shares manager for each tax year, Aberdeen Investment Trusts do not offer a cash ISA.
Find out how to invest in an ISA.