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What does ISA stand for and how does it work?
An ISA (Individual Savings Account) is a tax-efficient account that allows you to save or invest money each tax year without paying tax on the interest on cash, income or capital gains you earn.
There are 4 types of adult ISA accounts available:
- Stocks and Shares ISA
- Cash ISA
- Innovative Finance ISA
- Lifetime ISA
A stocks and shares ISA lets you invest in “qualifying instruments” such as stocks and shares, funds, bonds, etc. It is not an investment in its own right, but rather a tax efficient ‘wrapper’ which protects your eligible investments from Income Tax and Capital Gains Tax.
With a MEXEM UK stocks and Shares ISA, you have access to the global market, and are able to choose from a range of investments to invest in.
When choosing the right ISA for your needs, it's important to consider your financial goals, risk appetite, and personal circumstances. MEXEM UK offers Stocks and Shares ISA only.
Please note, tax treatments depend on your individual circumstances and may change in the future. This information is based on HMRC guidance.
