Introduction

When you decide to save, it makes sense to take advantage of all the tax-efficient options available to you. Our Steady Growth With Profit ISA is a Stocks and Shares ISA, tax efficient and professionally managed offering good growth potential. For full details read the Product Summary, Key Features Document and Terms and Conditions.

Individual ISA Accounts

ISAs or Individual Savings Accounts were introduced by the Government to encourage more people to save.

There are two different types of ISAs – Cash ISA & Stocks & Shares ISA.

Investing in an ISA allows your money to grow faster because you do not have to pay any income or capital gains tax on your savings or investments. You don’t even have to declare your ISA on your tax return.

The favourable tax treatment of ISAs may not be maintained in the future.

Between 6th April 2014 and 30 June 2014, the total amount you can pay into a Cash ISA is £5,940. You can also invest in a Stocks and Shares ISA upto the maximum of £11.880, But, the combined amount you pay into your Cash and Stocks and Shares ISAs between 6 April 2014 and 30th June 2014 must not exceed £11,880.

From 1 July 2014 however, you can make additional payments to your Cash and Stocks and Shares NISAs in whatever combination you choose, provided that you do not pay in more than the overall NISA limit of £15,000 within the tax year (6 April 2014 to 5th April 2015).

Any amount that you have paid into an ISA between 6 April and 30 June 2014 will count against your £15,000 NISA subscription limit for 2014-15.