Individual savings account
Individual Savings AccountTax-free savings plans that allow the individual to invest in cash, stocks or shares or insurance.
Individual savings accountA tax-favoured savings account introduced on 6th April 1999 which replaced PEPs and TESSAs. ISAs are not an investment in their own right. They are a tax-free wrapper in which you can shelter investments.People over the age of 18 living in the UK can invest a maximum of £7,000 per year in each tax year. 16 and 17 year olds can invest up to £3,000 in a mini cash ISA.Investment may be made in three components: equities, cash and life assurance. There are strict limits on how much you can put in each component, and the limits depend in part on whether you use a 'maxi ISA' or a number of mini ISAs.Until 5th April 2004 ISAs benefit from a 10% tax credit on UK equities. Stock and share investments which can be held in an ISA include unit trusts, open ended investment companies (OEICs), investment trusts, ordinary shares, preference shares and fixed interest corporate bonds.PEPs in existence at 6th April 1999 may continue to be held outside an ISA with the same tax advantages. TESSAs in existence at 6th April 1999 are allowed to run their full five year term.Income from ISA investments is tax free and you don't have to report it on your tax return. Capital gains are also exempt from CGT.ISA plans are sold by stockbrokers, IFAs, fund managers, banks and other authorised financial institutions. You can buy a plan and take advice on what to put in it, or you can have a 'self-select' ISA and make your own decisions.
Individual Turnover ReportIndividual Turnover Report
The London Stock Exchange's report provides historic turnover data for individual equity and fixed interest securities, in a report format, on a daily, monthly or yearly basis.
Individual tax returnIndividual tax return
A tax return filed by an individual to account for their personal income and taxes payable.
IRA (individual Retirement Account)IRA (individual Retirement Account)
Savings programs available to individuals. The plans allow for a certain amount to be deposited each year. This money is not subject to income tax for that year or following years as long as it is not withdrawn. The money is taxed as withdrawn upon retirement, usually when the depositor is in a lower tax bracket. During the life of the account, the money may be put into various interest bearing investments. Securities dealers as well as banking institutions now offer IRA'S.
Lifelong individual savings accountLifelong individual savings account
See 'individual savings account'.
Individual Investor Express Delivery ServiceIndividual Investor Express Delivery Service
A service for individual investors which puts their orders at the head of any Tandem Systems Queue. (CMS, SuperDot & PSS)
Further SuggestionsIndividual Retirement Account (IRA)
American Association of Individual Investors (AAII)
individual retirement account
American Association of Individual Investors