Confused when it comes to ISAs? You're not alone, as with all the rules and jargon surrounding these accounts, there are plenty of common misunderstandings.
An ISA is just like any other savings account or investment, except it benefits from a tax-free 'wrapper', so you get extra tax benefits for making the most of your allowance. But there are limits to how much you can save, and several important rules around opening, transferring and managing your ISA. These rules mean many people fail to use their allowance because they're unsure how ISAs work.
Here we debunk eight of the most common ISA myths that could be stopping you making the most of your valuable annual allowance. Don't forget to visit our ISA Hub - your one-stop shop for all your ISA questions.
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