Last Minute 2013 Cash ISAs – Our Top 5
26 March 2013 / by Oliver Roylance-Smith
Time is running out to meet the 5th April end of tax year deadline and so this is your last opportunity to protect your 2012/13 Cash ISA allowance (£5,640) from the taxman. To help you know where others are putting their money, we feature our Top 5 most popular Cash ISA plans.
1. SocGen Money Builder Deposit Plan
The Money Builder Deposit plan from Societe Generale offers returns based on the value of five FTSE 100 shares. It’s a 6 year capital protected plan paying 8% income for each year the five FTSE 100 shares in question finish at or above 95% of their starting values.
2. Investec Target Income Deposit Plan
The Target Income Deposit Plan from Investec offers 4.65% each year provided the FTSE 100 Index is at least 90% of its staring value at the end of each year (subject to averaging). It’s a 6 year capital protected plan, and an arrangement fee applies.
3. SocGen Defensive Kickout Plan
Societe Generale’s second plan in our Top 5, the Defensive Kick Out, is also dependent on the performance of five FTSE 100 shares. It offers a potential return of 6% per year (not compounded) as well as the ability to mature early from year 2 onwards.
4. Legal & General Growth Deposit Bond
If you think the FTSE will rise over the next 6 years, Legal & General’s Growth Deposit Bond will return 150% of any rise in the FTSE (capped at 40%, subject to averaging).
5. Investec Deposit Growth Plan
If you want the opportunity for unlimited FTSE 100-linked returns, the Deposit Growth Plan from Investec will return 130% of any rise in the FTSE but with no upper limit (subject to averaging).
6 year capital protected plan which will incur an arrangement fee.
How to apply
When you click for more information on any of the above plans you will be able to request a brochure pack which will be sent to you by post and email. With the 2012/13 ISA deadline imminent, you may not receive the postal pack in time so we recommend you print and complete the application form contained within the email brochure pack attachments.
Important note – don’t miss out
Please be aware that completed 2012/2013 ISA application forms must be received by us no later than Thursday 4th April 2013 and so the use of next day delivery services should be considered.
Remember that all of the above plans also allow you to apply for next year’s Cash ISA allowance (£5,760) as well as accepting transfers and non-ISA investments. If you have any questions on how to apply please contact our Customer Services team on 0845 308 2525.
No news, feature article or comment should be seen as a personal recommendation to invest. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment. If you are at all unsure of the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice. Tax treatment depends on your individual circumstances and may be subject to change in the future.
These plans are structured deposit plans that are capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term. The past performance of FSTE 100 shares or the FTSE 100 Index is not a guide to their future performance.
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