ISA
Q. What is an ISA?
A. An ISA (Individual Savings Account) offers a 'tax advantageous' way to grow your money and can be an important feature in many of today's investment portfolios. Investments in ISAs are not subject to capital gains tax and no higher rate income tax is payable on dividends received.
Q. How much can I subscribe to an ISA?
A. For 2012/13 up to £11,280 may be subscribed.
Q. Can I subscribe to more than one ISA?
A. Up to half of the 2012/13 allowance of £11,280 may be invested in a cash ISA and the balance may be invested in a stocks & shares ISA (either with the same or different provider). Speirs & Jeffrey do not offer cash ISAs which are traditionally provided by banks and building societies.You cannot subscribe to more than one stocks and shares ISA in any year.
Q. Can I transfer my ISA from another manager?
A. Yes we can accept transfers of all ISAs
Q. When are ISA statements issued?
A. Statements are issued shortly after 6 April and 30 September each year.
