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Over 50s: Make the most of the increased ISA allowance at Fair Investment Company

23 September 2009 / by Rebecca Sargent

As the over 50s ISA limit increase approaches, Fair Investment Company is urging investors to make the most of it.

The ISA limit is due to increase for over 50s on October 6, and by shopping around now, over 50s could make sure that they make the most of their new ISA allowance.

The total ISA allowance is increasing from £7,200 to £10,200 for those aged 50 or above this tax year, all of which can be invested in a stocks and shares ISA, or up to £5,100 can be stowed in a cash ISA and the balance in a stocks & shares ISA.

The £3,000 boost was announced by Alistair Darling in this year's Budget, and will be rolled out for all investors from April 6 2010. Commenting, chartered financial planner at Fair Investment Company, Sharon Bratley said:

"The new over 50s ISA limit means that the income or growth from an extra £3,000 per tax year can be shielded from capital gains and income tax. This amount may seem small, but in the current economic climate every little helps."

There are a number of products that investors can choose to use their ISA allowance in. These range from the relative safety of cash to the capital protection of structured products and the capital at risk element of investment funds.

Because everybody's investment needs vary, Fair Investment Company has collected a number of ISA investment options for investors to choose between in one easy to use table.

Investors can choose whether they are looking for income, growth, cash or ethical options, and will be provided with a wide range of ISA solutions. Mrs Bratley adds:

"Because there are so many ways for people to make use of their ISA allowance, it is important that they understand this and compare a range of options before choosing the best ISA deal for their circumstances.

"Returns vary, but it all depends on the level of risk an investor is willing to take. Cash rates are generally lower than other investment products, but they do offer a relatively safe option.  On the other hand, it is possible to achieve a regular income as high as 7 per cent per annum in capital at risk products or significant growth prospects for equity linked investments."

"Over 50s investors should start shopping around now to ensure that when the increase arrives, they have found the best home for their savings." Mrs Bratley concludes.

Click to view Fair Investment Company's ISA solutions »
 

 Product NameISA OptionIncome YieldMore Info
', eventAction: 'Account', eventLabel: 'Schroders Monthly High Income' });">Schroders Monthly High Income Fundyes
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', eventAction: 'Apply Now', eventLabel: 'Schroders Monthly High Income' });">More Info >
The Schroder Monthly High Income Fund aims to generate a high income, whilst not compromising capital, by investing in a diversified basket of fixed income securities. 100% Discount off Initial Charges.
', eventAction: 'Account', eventLabel: 'Invesco Perpetual Monthly Income Plus' });">Invesco Perpetual Monthly Income Plus Fund ISAyes
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', eventAction: 'Apply Now', eventLabel: 'Invesco Perpetual Monthly Income Plus' });">More Info >
Popular monthly income fund that aims to achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities. 100% discount on initial charges.
', eventAction: 'Account', eventLabel: 'Henderson Strategic Bond Fund' });">Henderson Strategic Bond Fundyes
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', eventAction: 'Apply Now', eventLabel: 'Henderson Strategic Bond Fund' });">More Info >
The aim of this fund is to deliver a quarterly income to investors by investing in higher yielding assets, which will include most types of fixed interest securities such as high yield bonds, investment grade bonds and government gilts, as well as having the ability to invest a proportion of the fund in equities. Income is paid to you quarterly.
', eventAction: 'Account', eventLabel: 'Schroders Income Maximiser' });">Schroders Income Maximiseryes
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', eventAction: 'Apply Now', eventLabel: 'Schroders Income Maximiser' });">More Info >
The Schroder Income Maximiser Fund ISA aims to deliver a target income yield of 7% pa, also providing potential capital growth. Income is paid to you quarterly. 100% Discount off Initial Charges.
', eventAction: 'Account', eventLabel: 'Invesco Perpetual Corporate Bond' });">Invesco Perpetual Corporate Bond ISAyes
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', eventAction: 'Apply Now', eventLabel: 'Invesco Perpetual Corporate Bond' });">More Info >
This highly popular fund aims to achieve a high level of overall return with relative security to capital. Income Paid to you twice yearly. Up to 100% Discount off the Standard Initial Fund Charge.
', eventAction: 'Account', eventLabel: 'Artemis Income ISA' });">Artemis Income ISAyes
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', eventAction: 'Apply Now', eventLabel: 'Artemis Income ISA' });">More Info >
One of the leading UK Equity Income Funds. The Fund managers hunt out companies with strong free cash flow and solid balance sheets. Income is paid to you twice yearly. 100% Discount off the Standard Initial Fund Charge.
', eventAction: 'Account', eventLabel: 'Jupiter Corporate Bond' });">Jupiter Corporate Bond Fund ISAyes
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', eventAction: 'Apply Now', eventLabel: 'Jupiter Corporate Bond' });">More Info >
The Jupiter Corporate Bond aims to achieve a high level of income with the opportunity for capital growth, through mainly investing in fixed interest securities. Income is paid to you twice yearly. 87.5% Discount off the Standard Initial Fund Charge.
', eventAction: 'Account', eventLabel: 'invesco perpetual high income' });">Invesco Perpetual High Income Fund ISAyes
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', eventAction: 'Apply Now', eventLabel: 'invesco perpetual high income' });">More Info >
One of the UK's most popular income fund ISAs the Invesco Perpetual High Income has delivered consistently good long term returns through a variety of market conditions. Income is paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge.
', eventAction: 'Account', eventLabel: 'MandG Corporate Bond' });">M&G Corporate Bond ISAyes
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', eventAction: 'Apply Now', eventLabel: 'MandG Corporate Bond' });">More Info >
The M&G Corporate Bond Fund is a conservative ‘blue chip’ sterling fund that aims to produce a higher return than UK government bonds. Income is Paid to you Quarterly. 100% Discount off the Standard Initial Fund Charge.
', eventAction: 'Account', eventLabel: 'Jupiter Merlin Income' });">Jupiter Merlin Income Portfolioyes
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', eventAction: 'Apply Now', eventLabel: 'Jupiter Merlin Income' });">More Info >
The Jupiter Merlin Income Portfolio fund aims to achieve a high and rising income with some potential for capital growth. Income Distributions are made to you quarterly. 95% Discount off the Standard Initial Fund Charge.
* See details.
†† Income payments are dependent upon the FTSE 100 Index.

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