Individual Savings Accounts

You can subscribe up to £7000 into a National Grid Maxi stocks and shares ISA or up to £1000 into a National Grid Mini stocks and shares ISA.

There are three methods of subscription, which are as follows:

1. Cash Lump Sum – to purchase National Grid Shares.

2. Direct transfer of shares from all employee Approved Savings Scheme.

3. Sale and Repurchase of existing National Grid Transco Shares.

There can be significant UK tax benefits and no tax returns need to be made to the Inland Revenue on the investments held within the National Grid ISA. There are competitive dealing rates with the ability to trade on any business day and the added flexibility of a Multichoice option which allows you to diversify and hold other shares. You can either re invest income or enjoy payments direct to your bank account free of charge.

Personal Equity Plans

You can transfer an existing PEP in cash or stock without losing the tax benefits to the National Grid PEP. All National Grid PEPs are amalgamated into one plan with one capped fee. If you currently hold multiple plans with other providers there could be benefits in transferring to the National Grid PEP. There is a Multichoice option as with the ISA where only 50% of the investment is required to be in National Grid shares.

One consolidated statement would be sent to you on a half yearly basis thus reducing the amount of paperwork you receive.

If you are interested in finding out more then please click here to request your National Grid documentation pack. Stocktrade also offer a range of other services and to visit our web site please click here.

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