Tracker ISA
Tracker ISA
There are two types of tracker ISA:
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The first is a Cash ISA, which offers a rate of interest that follows either a certain tracker index or, more commonly, the Bank of England base rate.
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The second type of tracker ISA focuses on investment, with the investment going towards tracker funds which follow the performance of stock markets and other financial indexes.
Both types of tracker ISA will be suitable for different people, depending on their willingness to face risk and the return they’re aiming for from their capital.
A Cash ISA offers far less risk but lesser returns, whereas an investment ISA, known as a Stocks and Shares ISA can offer greater risk but with the possibility of greater returns. Both personal research and advice from third parties can help decide which would be more suitable for your money.
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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.