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If you're investing in the stock market and not currently using your annual ISA allowance, you may want to consider a Self-Select ISA. An 0800 Shares Self-Select ISA gives you the opportunity to receive tax-efficient returns on your investments and you have the added bonus of being able to trade either over the phone or on the internet - the choice is yours. You are allowed to save up to £10,680 in ISAs in any tax year. This can be made up by saving up to £5,340 in a cash ISA with the remaining balance in a stocks and shares ISA, or you can put up to £10,680 into one stocks and shares ISA. You are now also able to transfer money saved in a cash ISA to your stocks and shares ISA. You can transfer some or all of the money you have saved in previous tax years without affecting your annual ISA investment allowance. Simply complete the ISA Transfer form in the application pack and we will arrange the transfer from your current ISA provider. Remember, you must not withdraw the money and invest it in your stocks and shares ISA yourself, as it would then count against your annual ISA investment allowance for this year. And whilst taxation bases, levels and reliefs can change, you'll get all the growth in the value of your investments free from Capital Gains Tax allowance. Of course, an ISA won't be right for everyone, and the extent of the tax benefits will depend upon your individual circumstances. If you're not sure whether an ISA is right for you we'd recommend you seek independent advice. Your dealing charges within the ISA will be identical to either the Telephone Trader or Internet Share Account, depending on which account you select. So to benefit from tax-efficient investing the only additional fee is an administration charge of 0.125% per quarter (£5 minimum) plus VAT. To find out how to apply for your Self Select ISA simply refer to page 9 of the Application Pack which you can download or request a copy of by clicking here. |
The investment services referred to may not be suitable for every investor and if in doubt you should contact a financial adviser.
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