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COMPUTERIZED STUDENT
QUESTIONNAIRE FOR PISA 2022
ONE HERE (UH) BOOKLET
Main Survey Version
Doc.:
CY8_202111_QST_MS_STQ_UH_CBA_Notes.docxNovember 2021Produced by ETS, Core ACY8_202110_QST_MS_STQ_UH_CBA_Notes.domain
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What is i sa?
The i sa, or Individual Savings Account, is a tax-advantaged savings account available in the UK that allows individuals to save or invest without having to pay tax on the interest earned or the capital gains generated.
Who is required to file i sa?
Individuals aged 16 or older in the UK can open an i sa, but only those who meet certain income and residency requirements may be required to report contributions or gains for tax purposes.
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To fill out an i sa application, you must provide personal information including your name, address, date of birth, and national insurance number, and choose the type of i sa (cash, stocks and shares, or innovative finance).
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The purpose of an i sa is to encourage saving and investment among individuals by providing tax relief on the returns, thus maximizing the amount they can save for specific goals like retirement or purchasing a home.
What information must be reported on i sa?
Individuals must report the total contributions made to their i sa, any withdrawals, and the income or gains generated, although the actual reporting requirements depend on the individual's overall tax situation.
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