Meaning of “maxi-ISA” in the English Dictionary


"maxi-ISA" in Business English

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maxi-ISAnoun [ C ]

uk us

FINANCE in the UK, an ISA (= an investment account on which you pay no tax) that places all the money invested for the tax year with a single financial organization:

A maxi-ISA currently allows you to invest up to £7,000 in shares.

(Definition of “maxi-ISA” from the Cambridge Business English Dictionary © Cambridge University Press)