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ISA means Individual Savings Account. It is one form of investment. There are mainly two types of ISAs cash mini ISA & the maxi ISA. It is a financial product, which has a tax benefit, attached to it i.e. there is no income tax. Income savings can be made in the form of share ISAs, or stock ISAs. On such savings interest is given depending upon the rates decided upon. The level of risk is minimal.
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