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What is an Individual Savings Account (ISA)?
What is an Individual Savings Account (ISA)?
Written by Help
Updated over a week ago

Individual Savings Accounts (ISAs) allow UK residents to save money without paying taxes on cash interest or on income and capital gains.

In the 2022/2023 tax year, you can save up to £20,000 in total in your different ISAs.

There are 4 types of ISAs:

  • Cash ISAs - savings in bank and building society accounts;

  • Stocks and shares ISAs - that include shares in companies, unit trusts and investment funds, corporate bonds and government bonds;

  • Innovative finance ISAs - loan-based crowdfunding and investment-based crowdfunding;

  • Lifetime ISAs - can include either cash or stocks and are eligible for government contributions.

At the moment, Exo Investing offers stocks and shares ISAs, made up of ETFs, to people aged 18 and over.

Please note that if you already hold a stocks and shares ISA for the 2022/2023 tax year, you are able to transfer it to Exo. You are only able to hold one Stocks and shares ISA.

For additional information about ISAs, you can visit

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