Glossary

A General Investment Account (GIA) is a flexible, non-tax-advantaged investment account that allows investors to buy and sell various types of assets, such as stocks, bonds, and mutual funds.

Unlike tax-advantaged accounts, such as Individual Savings Accounts (ISAs), there are no contribution limits or withdrawal restrictions on GIAs, making them a suitable option for investors seeking more freedom in managing their investments. 📈💰

For example, an investor might use a GIA to hold a diversified portfolio of stocks and bonds, without having to worry about annual contribution limits or specific withdrawal rules that apply to tax-advantaged accounts.

Fun fact: GIAs can be used alongside tax-advantaged accounts to maximise investment flexibility and potential returns. Some investors use GIAs to invest in assets not allowed in tax-advantaged accounts or to maintain a rainy-day fund. ☔🌈