When you decide to save, it makes sense to make sure that you take advantage of all the tax-efficient options available to you.

If you are aged 18 or over you can save into either a cash ISA or a stocks and shares ISA but aged 16 to 18 can only save into a cash ISA . You need to be resident in the UK.

Your savings grow free from personal tax and capital gains tax and are accessible whenever you wish. Note: The taxation rules for ISAs could be altered by future legislation.

You can save regularly into an ISA, just pay one-off amounts as and when you choose, or do a combination of the two.

The type of ISA you choose will vary according to what you want to achieve with your savings and by when, and how you want to balance the security of your money with the potential of your savings growing.