ISA
noun [ C ]
uk/ˈaɪsə/ us BANKING
UK abbreviation for individual savings account: an investment account in which the investor does not have to pay tax on income or on the increase in value of shares:
in/into an ISA They put £50 a month into an ISA.
ISA entitlement/limit/allowance Raising the maximum ISA limits from £7200 to £10200 will encourage investment and saving.
See also
cash ISA
equity ISA