Managed ISA - Account Details
Trading
Your investments are monitored by our professional portfolio managers who make changes they think appropriate. We invest in mainly individual blue chip companies but may also invest in trusts to provide exposure to particular markets or geographies. You will receive confirmation of any changes to you ISA investments – including transaction details and usually the reason for trade – on the following business day.
Tax benefits of an ISA
An ISA offers a tax-efficient shelter, this means that currently:
- You pay no Capital Gains Tax on your profits
- You receive 20% tax refund on income received on fixed interest securities (such as Gilt and Bonds)
- There is no loss of tax relief on remaining investments if you make a withdrawal
- The value of the favourable tax treatment to ISAs to you will depend on your individual circumstances.
- You should bear in mind that this favourable treatment might not continue
Cash management
The minimum subscription when opening a Managed ISA is £7,200 and £2,000 when topping it up. All sales proceeds and purchase costs will be paid to and taken from your account. With a Managed ISA, you can:
- Subscribe by cheque, selling existing shares, adding shares from a SAYE or Profit Sharing scheme within 90 calendar days of release
- Withdraw funds direct to your bank account or give instructions to withdraw cash by phone or in writing
- Receive share dividends as cash dividends
- You can also give written instructions to withdraw and re-register stock
Some rules to note
You can only invest in one Stocks and Shares ISA each tax year, so if you subscribe to a Managed ISA, you cannot subscribe to any other Stocks and Shares ISA that year.
Keeping you informed
As well as being able to access information online, you’ll receive:
- Valuations – a printed report showing the value of your account every six months
- Contract note whenever trades are placed in your ISA
- Regular investment newsletters
- Company Report & Accounts – you can request the Annual Report & Accounts for UK companies held in your account
The beneficial tax treatment of ISAs may not continue in the future. The amount of tax relief depends on your individual circumstances.
