CIS ISAs
CIS ISAs
With CIS ISAs you can save up to £7,200 per year on a tax efficient basis. The Government launched ISAs in 1999 and they are virtually tax free tax, so most investment income and capital gains arising from an ISA are tax free. There are two different CIS ISAs: Cash ISAs and Stocks and Shares ISAs.
With Stocks and Shares CIS ISAs, you can:
- Invest the total amount (£7,200) in CIS unit trusts or
- Invest up to £3,600 of the £7,200 in a Cash ISA and the rest into CIS unit trusts
With Cash CIS ISAs you can:
- Invest up to £3,600 in a Cash ISA
- Invest the remainder of your £7,200 allowance into a Stocks and Shares ISA, either with CIS or a different provider.
With all CIS ISAs, you can get access to your money at any time. You have to be 16 to have a Cash ISA, but you must be 18 to hold a Stocks and Shares ISA.
Other ISA Resources:
FREE ISA Brochures
FREE Brochure on Managing Your ISA Funds
Alternatively click on isa advertising links below:
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Please bear in mind that:
Investment ISAs are designed as medium to long term investments, for example at least five years.
The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
If you choose an index-tracking trust which invests overseas, exchange rate variations may cause the value of your investment to increase or decrease.
If you unsure what Investment ISA plan is right for you speak to an independent investment adviser.