Maxi ISA
What is a Maxi ISA
A maxi ISA is a tax free wrapper that allows a person to save up to £7,000 a year with all interest and capital growth being paid tax free.  It is made up either of a Cash Isa of up to £3,000 plus a Shares Mini Isa of up to £4,000 or a single £7,000 Stocks & Shares investment in the stock market. The money invested can be withdrawn at any time but the limit of £7,000 in any one tax year is the maximum amount of money that can be deposited into the account.

The Investment must be made through an ISA Manager authorised by the Financial Services Authority. There are many ISA managers ready to take your money but though they are all authorised that does not mean that they will all have the same results with investments or offer similar interest rates for cash ISAs.
It is a competitive market and you should do some research to establish which manager you would want to invest with.

Investment in Stocks & Shares is best for long term investors for long term financial planning. Stocks and Shares can go down as well as up.  The money invested may all be lost, Even when the market generally is rising there will be some shares that fall and may even become worthless. So, keep in mind that investment in shares is an investment that does involve some risk to your money.

Investing in the stock market can be done via funds.  These are companies that invest your money in the stock market.  There are two main ways to choose a fund the first is to visit a financial advisor the second is to do all the research and purchasing alone which will save money but has a far greater risk.You can get advice from Independent Financial Advisers as to where you feel you would like to invest.