Glossary

Mini-ISA

An ISAs (Individual Savings Accounts) which focuses on only one of the ISA´s three elements (shares, cash, or insurance). Individuals are allowed to put £3000 in a mini-cash ISA, £1000 in a mini-insurance ISA and the remainder in a mini-shares ISA but purchase of a mini ISA prevents purchase of a maxi-ISA in that same tax year. For more details, please see Morningstar´s ISA Funds section.
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