ISAs
Tax Efficient Accounts: ISA
The tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in the future.
Administration Fee
| Account Value | Yearly Administration |
|---|
| Over £5,100 |
FREE |
| Up to £5,099.99 |
£30 + VAT |
Note: The Administration Fee will be charged once a year on or around the first business day in June, calculated on the account value on the last business day in May. The Administation Fee will not be charged on the Regular Investment ISA.
Interest Rates
| Uninvested Cash Balance | Gross Rate* | AER*** |
|---|
| All balances |
0% |
0% |
Note:Interest will be calculated on your credit balance on a daily basis and credited to your Plan on or around the 25th day of May and November in any one year. This also applies to the Regular Investment ISA.
* Gross rate is the contractual rate before the deduction of income tax at the rate specified by law.
*** AER stands for Annual Equivalent Rate (contractual rate when paid and compounded each year). The AER as stated is calculated at 10/02/11.
Other Charges
| Charge Details | Value |
|---|
| Plan Transfer In |
FREE |
| Cash Withdrawal |
FREE |
| Transfer Out of Stock |
£35 per holding |
| Account Transfer Out and Closure |
£50 (+ the relevant Administration Fee) |
| Account Closure |
£50 + VAT (+ the relevant Administration Fee) |
Note: The Stock Withdrawal per holding charge does not apply for Account Transfer Out and Closures