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The Capital Reward Plus ISA product range offers you savings on tax, time and money. It's easy to manage; you can invest new money (by lump sum and/or regular monthly contributions) or transfer an existing ISA and benefit from having all your investments in one place. Open an ISA with Capital Reward Plus and benefit from:
*available on selected M&G products See the product range below and open a new ISA or transfer your existing ISA by selecting the appropriate provider logo of your choice in the "Open an ISA" section of this page.
ISA's available through us At Capital Reward plus we offer ISA products to cover every individual need. We have a number of different options for stocks and shares ISA's and a Cash ISA. Unit Trust ISA: M&G Our Unit Trust ISA offering is provided by M&G. Unit trusts are collective investment funds that invest mainly in shares, aiming to generate returns through capital growth or income or a mix of the two. Discretionary ISA: Parmenion With markets being ever more volatile it is our opinion that today's Investor needs a more proactive approach to how their investments may be managed. Parmenion Partners LLP offer a series of ISA's to suit each individual client; their commitment to you the client is that their team of experts will actively manage each holding to ensure the best possible returns for its clients. Cash ISA: Virgin Money - Invest now Our Cash ISA offering is provided by Virgin Money. The Virgin Cash ISA offers secure cash investment with no notice periods so you can get at your cash whenever you need it. You can easily withdraw money over the phone or internet. And their current cash interest rate is 0.10% tax free which is comparable with the other instant access offerings out there in the market place. Transfer your existing ISA to us Take advantage of the ISA offered through Capital Reward Plus by transferring your existing cash and/or stocks and shares ISA's. Benefits in transferring:
What can be transferred? Cash ISA: Stocks & Shares ISA: How much can I invest?
Each tax year everyone over the age of 18 (16 for the Cash element) has an ISA 'allowance', which sets the maximum that can be saved within the tax-efficient wrapper from 6th April to 5th April. For the current tax year (2010/2011) the allowance is £10,200 of which up to £5,100 is allowed in cash. There are three basic scenarios: The first being if you were to use your maximum cash allowance you can invest up to the same into a stocks and shares ISA. The second scenario would be to use the full allowance for stocks & shares. However this leaves no room for tax-free cash savings. The third is a Mix n' Match approach. For example, someone could save £3,000 in cash and invest the remaining £7,200 in stocks and shares. It is important you are aware that any savings or investments must be made by 5th April (end of the tax year), as any unused allowances (or portions of them) cannot be rolled over; in effect they are lost forever. For this reason an ISA should always be considered as the first place to house any savings or investments Can money be withdrawn? Yes. A common mistake is to think an ISA needs to be held for a set length of time in order to reap the tax-free benefits. Luckily that is not the case, as providing the rules of the individual product allow, (it – delete) you can have full and instant access to your money without losing the tax benefits on the rest of your savings or investments in the wrapper (You should be aware that some providers impose penalties on early encashment). However, once the money is withdrawn, it cannot be returned. A few examples should help clarify this: Situation: Mr. Rich Devil invests £10,200 in a stocks and shares ISA at the beginning of the tax year. Options: He may sell the whole investment, or part of it, at any time without losing the tax benefits, but no further money can be placed in an ISA within the same tax year. Situation: Ms. Irma Indecisive invests £3,000 in a cash ISA at the start of the tax year. Shortly after this she decides to withdraw £1,500. Later in the same tax year she wants to save further amounts into an ISA. Options: She may save a further £2,200 with the same cash ISA provider, or £7,200 in a stocks and shares ISA (or a mix of the two) before the end of the tax year. This would take her total annual allowance to £10,200. What is an ISA? An Individual Savings Account (ISA) is not an investment itself but a tax efficient wrapper into which you can place either cash or shares. All proceeds from an ISA are tax free in the hands of the investor. ISAs are available to all UK residents aged 18 or over, although from the age of 16 you qualify for the cash portion in the ISA allowance. What is a Cash ISA? Cash ISA's are simply savings accounts where the Just like normal savings accounts there's a variety of What is a Stocks & Shares ISA? Share based investments in various forms are ISA-able. However a more common use of the shares allowance is for collective investment vehicles like unit or investment trusts. These are pooled investments where a fund manager picks a selection of shares based on geographic or sector criteria and the value of the investment depends on the collective performance of the shares picked. Shares in individual companies may be placed inside what is called a self-select ISA, which are usually managed by stockbrokers. Placing these investments inside an ISA wrapper provides two tax advantages. First any profits made from share price increases are not eligible for capital gains tax and second it enables all the tax on bond holdings to be reclaimed. |
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The Capital Reward Plus ISA product range offers you savings on tax, time and money. It's easy to manage; you can invest new money (by lump sum and/or regular monthly contributions) or transfer an existing ISA and benefit from having all your investments in one place. Open an ISA with Capital Reward Plus and benefit from:
*available on selected M&G products See the product range below and open a new ISA or transfer your existing ISA by selecting the appropriate provider logo of your choice in the "Open an ISA" section of this page. |
