Individual Savings Accounts, more commonly known as ISAs, celebrate their tenth birthday this year however recent research shows that many people have failed to adopt these tax-free vehicles.

ISAs were introduced in April 1999 to replace PEPs (Personal Equity Plans) and Tax Exempt Special Savings Accounts (TESSAs). ISAs are a form of investment or savings which sees no tax liability on the income earned from the assets held in the scheme. ISAs are not investments in themselves – they are actually a wrapper which sit around one or more investments.  Read more... (428 words, estimated 1:43 mins reading time)