Word
ISA
Phoneticsisa
/ˈisə/
Definition
n. Stands for Individual Savings Account. A special type of bank account in the UK that lets you save money without paying tax on the interest you earn.
n. Abbreviation for Individual Savings Account. A tax-efficient savings or investment account available to residents of the United Kingdom.
Examples
“I put my savings into an ISA to avoid paying tax.”
“The government sets a maximum limit on how much money you can deposit into an ISA each tax year.”
“While a Cash ISA offers guaranteed returns through interest, a Stocks and Shares ISA carries more risk but provides the potential for higher long-term growth within a tax-free wrapper.”
Examples
simple
“I put my savings into an ISA to avoid paying tax.”
contextual
“The government sets a maximum limit on how much money you can deposit into an ISA each tax year.”
complex
“While a Cash ISA offers guaranteed returns through interest, a Stocks and Shares ISA carries more risk but provides the potential for higher long-term growth within a tax-free wrapper.”
Usage
Commonly used as a countable noun; the acronym is typically pronounced as a single word rather than individual letters.
Real-World Examples
“The average rate for an easy access cash ISA was 2.73%.” “Teleri Evans was 25 when she began saving into a Help To Buy ISA then a couple of years later she took out a stocks and shares Lifetime ISA.” Domains
Scan code
englishreference.com/q/isa