A stocks and shares Isa is a major tool in an investor’s belt. A tax-efficient and flexible way to gain access to the stock market, the product has steadily increased in popularity since it was launched in 1999. Nearly 4m investment Isas were paid into during the 2021-22 tax year, up from 3.5m the year before and 3m a decade ago. Deposits totalled more than £34bn, according to HMRC data. Whatever your investment experience or wealth — there are more than 4,000 “Isa millionaires” — an Isa can be the ideal place to grow your savings. This article will cover the following: What is a stocks and shares Isa? Benefits of a stocks and shares Isa How do stocks and shares Isas work? Choosing the best stocks and shares Isa How to open a stocks and shares Isa Managing your stocks and shares Isa Risks and considerations FAQs A stocks and shares Isa is an account that can hold a range of investment products. These could be unit trusts, investment trusts, exchange-traded funds, individual stocks and shares, corporate and government bonds, and Open Ended Investment Companies (OEICs). Essentially, you open the Isa, fund it and make investments, which over time...