ISAs offer a tax efficient way of saving and investing. You can put up to £20,000 into an ISA in the current tax year, and you won’t pay a penny of tax on anything you earn.

There are several types of ISA on the market including the Help to Buy ISA, a good option for anyone saving to get on the property ladder.

But the two most commonly held versions are cash and investment (also known as stocks and shares) ISAs.

In this 5-minute video, Emma-Lou Montgomery, associate director for personal investing at Fidelity International, talks to YourMoney.com editor Joanna Faith about the pros and cons of these ISAs and who they may suit best.

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