Friendly Society ISAs
Friendly Society ISAs
Friendly Society ISAs are provided by Friendly Societies, a type of financial services organisation. Friendly Society ISAs are much like the ISAs provided by other financial organisations, except that it is the society members who profit from the business rather than any shareholders.
Friendly Society ISAs offer a tax-free yearly investment to a limit of £7,200, available in two forms:
- Stocks and Shares ISAs: allow for investments of up to £7,200.
- Cash ISAs: allow for investments of up to £3,600 in cash.
ISAs are available to UK residents of ages 18 and up, except for Cash ISAs which are available to those over age 16. The contents of the ISA, along with any income and capital gains from it, are all free from tax. You may have both a Cash ISA and a Stocks and Shares ISA, but you may not exceed the tax free limit of £7,200. You can either invest the entire amount into a Stocks and Shares ISA, or up to £3,600 into a Cash ISA with the remainder in a Stocks and Shares ISA. For example, if you decide to put £2,500 into a Cash ISA, you may invest £4,700 in stocks and shares.
For a selection of current ISA offers, take a look at the table below:
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.