Here’s what YOU need to know about ISAs. An ISA is a tax wrapped account that comes in 3 main types. Across all your ISA types. you can add £20,000 per tax year. There are 3 main types of ISAs. 1️⃣ Cash ISAs - essentially a savings account that’s not subject to tax 2️⃣ Lifetime ISAs - used for your first home or retirement - you can add a max of £4,000 each year (as part of your £20,000 overall ISA contribution) The government will top you up with a 25% bonus up to the value of £1,000 each year.

Confused by ISAs? 🤯 You’re not alone. An ISA is just a savings account where you’ll NEVER pay tax on the interest. Here’s the breakdown of the main types and how they can boost your savings tax-free. 💰 Cash ISA: A simple and safe way to save up to £20,000 tax-free each year. Can be easy-access or fixed. 🏡 Lifetime ISA: A good option for first homes/retirement (18 to 39 only). Get a 25% bonus (up to £1,000 a year) but strict rules withdrawal penalties. 🍼 Junior ISA: Save up to £9,000 a year f