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Stocks & Shares ISA

Features

Our Stocks & Shares ISA offer a choice of 3 risk rated portfolios managed by Prudential.   The funds offered by Prudential are actively managed. This is where the fund manager’s goal is to out perform an investment benchmark index and will make specific investments aimed at achieving that.   Whatever your attitude towards the amount of risk you wish to take to deliver higher returns, Prudential’s Dynamic funds can work within that offering a choice of Defensive, Balanced and Adventurous portfolios.   Prudential invests globally in a range of assets including equities, property and fixed interest to offer diverse growth potential.

Minimum Investment Amounts

£500 Lump sum or £50 per month

Maximum Investment Amounts

£10,680 pa for tax year 2011/12, this increases to £11,280 on April 6th 2012. The amount you can contribute is reduced by any subscription you have made to a cash ISA in the tax year. Transfers do not form part of your annual allowance.

Fund Options

Our Stocks and Shares ISA offers a choice of 3 funds all managed by Defensive Portfolio, Balanced Portfolio, Adventurous Portfolio. You can also select your own funds.

Charges

2.5% initial charge, 1.6% annual charge.

Online Access

Yes

Exit Penalties

None

Transfers Allowed?

Yes. You can transfer both cash and stocks & shares ISA’s into this ISA. To transfer existing ISA’s please complete an application form.

How to Apply

ISA’s Explained

Individual Savings Accounts (ISAs) are a popular and simple way to save and you don't pay any personal income tax or capital gains tax on any profit you may make. Individual Savings Accounts were introduced by the government in April 1999 and for many people have become a suitable and flexible medium or long-term savings plan.

In 2008 the Individual Savings Account rules were simplified and include the following changes:

• The titles ‘Mini’ and ‘Maxi’ ISA’s were abolished.
   
• ISA savers can instead invest in two separate Individual Savings Accounts each tax year; a cash ISA and a stocks and shares ISA.
   
• You can transfer any amount of savings in a cash ISA from previous tax years to your current tax year's stocks and shares ISA without it affecting your overall annual allowance.
   
• Any money saved in a cash ISA in the current tax year can also be transferred to a stocks and shares ISA. If you do, you must transfer the whole amount.
   
• You cannot transfer a stocks and shares ISA into a cash ISA. You can however transfer your existing stocks and shares ISA into the stocks and shares ISA of another ISA manager.
   
• If you require any further information on Individual Savings Accounts please visit our Frequently Asked Questions or contact us.