Investment Trust ISA

Investment Trust ISAInvestment Trust ISA

In the past, an investment trust ISA could be taken out in two different formats, either mini or maxi - the two offered different upper ceilings for investment:

  • With the mini investment trust ISA, the upper ceiling for investments per year was £4,000.
  • For the maxi trust investment ISA, the upper ceiling was £7,000 with an option to have £3,000 of that tax free limit as a cash deposit.

Now, investment ISAs are much simpler - there is only one option, a Stocks and Shares ISA. With a Stocks and Shares ISA, you can:

  • Invest your entire tax free allowance of £7,200 (it was £7,000 until April 6 2008)
  • Choose to invest up to £3,600 of your tax free allowance into a Cash ISA (the limit was £3,000 previous to April 6 2008) and the remainder into your Stocks and Shares ISA

All Mini Cash ISAs and the cash element of Maxi ISAs have now been reclassified as Cash ISAs, while all Mini Stocks and Shares ISAs and the stocks and shares component of Maxi ISAs have become Stocks and Shares ISAs.

Investment Trust ISAs (Stocks and Shares ISAs) are provided by a wide range of companies now offering them in a variety of formats. The greater potential returns of an investment trust ISA need to be weighed up against the potentially higher investment risk undertaken.

For a selection of the latest ISA deals, see below, or see our FREE ISA Brochures for more deals.

ISA Provider Investment ISA Cash ISA
Icesave Icesave No Yes More Info
Legal & General Legal & General Yes No More Info
Virgin Money Virgin Money Yes No More Info
TD Waterhouse TD Waterhouse Yes No More Info

Other ISA Resources:

FREE ISA Brochures
FREE Brochure on Managing Your ISA Funds

Alternatively click on Investment Trust ISA advertising links below:

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.
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