Stocks and Shares ISA

Please Note as from 18 May 2009
The ISA plan has been suspended to new accounts for this financial year as we have now reached our entry limits agreed by the committee of management of our Society.

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The Stocks and Shares ISA is a tax-exempt, saving with profit, life assurance policy.

Who is it for?
Anyone from age 18 up to the age of 70 years old

What are the benefits?
Premiums are invested in a savings account that receives interest each year, plus life assurance cover of ten times the annual premium to a maximum of £10,000. For example, premiums of £1,000 a year have £10,000 life assurance.

How much will it cost?
Because of the generous tax savings the investment is limited to £600 a month or £7,200 a year. However you can start from as little as £5 a month or £60 a year or proportionally higher amounts in multiples of £5 a month or £60 a year.

How do I Apply?
Download the information booklet and application form here.

Examples:

Note:
The above figures are based on the investment fund growing at 7% in accordance with the regulatory requirements.

What are the Advantages?
This is an opportunity for you to start a savings plan with the benefit of life assurance at a rate that you can afford each year.

What are the Charges?
Costs - will not exceed 2% a year and no other kind of charge.

Changes to the Regulations
From 6 April 2008 all ISA’s lose the distinction between Maxi and Mini. Our ISA will be classed as a stocks and shares ISA. However our investment policy will not change and funds will still be invested in: residential property, government gilts and equities.