Creating ISA's

You need enough to cover your essential outgoings for at least three months. That’s the standard advice. Then if you’re unable to work, you’re not immediately scrabbling around to find enough to get by.

Instead of spending your next pay cheque on short-term treats, you could invest it in an ISA for tax-free savings and long-term benefits.

To encourage saving, the government created ISAs with tax benefits, so they’re a way of getting more for your money because you don’t have to pay any tax on the interest you earn.