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Martin Lewis: What is an ISA? It's (literally) a piece of cake!

Never quite got your head around ISAs? Martin Lewis explains how they work, how much you can put in one, and whether they tax-free. ISA stands for Individual Savings Account. Around 40% of the UK hold active ISA accounts, yet many don’t understand them. ISAs are kind of like cakes. These savings accounts act like wrappers that keep your money (the cake) away from the taxman taking a bite. You can find a more in-depth look at these accounts, plus links onwards to MoneySavingExpert's top picks: http://mse.me/600398v 00:00 Intro 00:09 How cash works in a savings account 00:35 How cash works in an ISA 01:23: How much you can put in an ISA

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