Individual Savings Accounts provide tax-free saving. Individuals can invest a total of £7,000 per year. From this figure, £1000 may go into life insurance, £3000 into cash deposits and £3000 into stocks and shares in a maxi-ISA. The other maxi-ISA combines cash and/or life insurance with stocks and shares as long as the entire package is provided by one company. Mini Cash ISAs and Mini Stocks and Shares each have a limit of £3,000. Mini Insurance ISA’s have a £1,000 limit.