Guide to ISAs, PEPs and TESSAs

About this Guide

The Individual Savings Account ('ISA' for short) is a tax-free scheme designed by the Government to help you save. This guide will tell you about ISAs and how they work, so you can decide if saving in an ISA would be right for you. It is divided into four parts.

1. The first part gives you just the basic facts - the essentials you'll need to know in order to make an informed choice.
2. The second part should answer most other questions you may have.
3. The third part goes into specific subjects in greater detail.
4. The fourth part gives some information about TESSAs and PEPs for savers who have these. TESSAs and PEPs were closed to new investors from 6 April 1999.

If you have any general questions about the tax rules for ISAs, TESSAs and PEPs that this leaflet does not cover, you can call the Inland Revenue ISA Helpline on 0845 604 1701, between 8.30am and 5.00pm Monday to Thursday and between 8.30am and 4.30pm on Friday (calls are charged at local rates).