HSBC ISAs
HSBC ISAs
There are two types of HSBC ISAs– Stocks and Shares ISAs and Cash ISAs. You can invest up to £7,200 into a Stocks and Shares and up to £3,600 into a Cash ISA.
You may pay into both a Cash ISA and a Stocks and Shares ISA during one cash year, as long as the total amount invested does not exceed £7,200 and the amount paid into the Cash ISA does not exceed £3,600. You may withdraw money from your ISAs, but may not top it back up if you have already used your allowance during the tax year - the limit remains £7,200.
Benefits of HSBC ISAs
- No tax to be paid on any interest received and no further tax liability in relation to any dividends arising from your ISA
- No tax to be paid on any capital gains arising on your ISA
- No need to declare any income or capital gains arising from your ISA or even to inform your HMRC office that you have an ISA.
For a selection of the latest ISA deals, see the table 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.