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Whipsaw Glossary

Currently viewing the definition of: Maxi ISA
 
 
 A maxi ISA (Individual Savings Account) is a tax efficient investment plan where all the funds are placed with a single provider in any one tax year. The total amount invested must currently not exceed £7,000. The fund can be split between cash (£3,000), shares (£7,000) and insurance (£1,000).  
 


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    • Merger
      The combing of two or more businesses to create a larger, and in theory, more profitable organisation. This will be through economies of scale and synergies resulting in reduced costs.