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Article: Isas: Answers to the vital questions.
- Article from:
- Daily Mail (London)
- Article date:
- February 27, 2001
CopyrightCOPYRIGHT 2001 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: LIZ PHILLIPS
PEOPLE have invested in Individual Savings Accounts (Isas) at a rate of almost [pounds sterling]2.4 billion a month on average since they first went on sale in April 1999.
Isas are a way to save and invest without the taxman taking a slice of your gains and have proved more popular than the Peps and Tessas they replaced.
You are allowed to invest up to [pounds sterling]7,000 a year, but you must act before April 5 to take advantage of this year's Isa allowance. You either use it or lose it.
There are three types of savings allowed in an Isa: cash, shares or life insurance. And there are two types of Isa - maxi and ...