Investments
ISAs
ISA stands for Individual Savings Account. An ISA is an investment vehicle which benefits from favourable tax treatment and enables UK resident investors to shelter up to £7,200 in the current tax year with no further personal income or capital gains tax.
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There are a number of important changes to the existing ISA regime which are effective from 6 April 2008. The entire £7,200 allowance can be invested in a Stocks & Shares ISA with one provider, alternatively you can invest up to £3,600 in a Cash ISA. These changes represent the biggest shake up to the ISA regulations since their introduction in 1999.
St. James's Place offers a Stocks & Shares ISA. Please refer to the St. James's Place ISA brochure and Key Features document for further details. This information is based on our interpretation of existing legislation and HM Revenue & Customs practice and does not amount to tax planning advice. The tax treatment of ISAs may be subject to change in the future. Any potential investor who is unsure of their tax position is recommended to take advice before investing.
