Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

individual savings account ISA

An individual savings account (ISA) is a savings account on which the return is tax-free, and which need not be declared in the investor's tax return. There are two components: (i) cash; and (ii) stocks and shares, and life assurance policies.

An investor has an overall annual investment limit which is £11,880 between 6 April 2014 and 30 June 2014 (previously £11,520) of which no more than £5,940 (£5,760 previously) can be in cash. From 1 July 2014 ISAs are to be replaced by “New ISAs” (NISAs)...

Lexicon on Twitter