| Category | Description |
|---|---|
| Cash ISAs | Savings accounts that pay interest tax-free. They are generally considered low-risk. |
| Stocks and Shares ISAs | Investment accounts that allow individuals to invest in stocks, bonds, and other securities. They offer the potential for higher returns but come with higher risk. |
| Innovative Finance ISAs | Accounts that allow individuals to invest in peer-to-peer lending and other alternative finance arrangements. They offer higher returns but come with higher risk. |
| Lifetime ISAs | Accounts designed to help individuals save for their first home or retirement. They offer a government bonus of 25% on contributions up to a certain limit. |
| Junior ISAs | Savings and investment accounts for children under 18. They offer tax-free growth and can be accessed when the child turns 18. |