Stocks and Shares ISA

Please Note as from 19 May 2010
The ISA plan has been reopened to new accounts as 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 £850 a month or £10,200 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.