Stocktrade

Execution Only Stockbrokers

0845 213 4448

Mon to Fri 8.30am-5pm

News & Updates

The distinction between Mini and Maxi ISAs has been abolished.

PEPs have become ISAs.

Cash ISAs are allowed to be transferred in to a Stocks & Shares ISA.

For the future, a mature Child Trust Fund can be transferred in to an ISA but not until 2020.

The Capital Gains Tax allowance for individuals in 2011/2012 is £10,600.

The ISA Subscription limit for 2012/2013 is £11,280, up to £5640 can be invested in a cash ISA. The new limit applies to investors (aged 18 or over) from 6th April 2012.

From 4th January 2011, the new rate of 20% VAT which is added to the management fee of an ISA became effective.

The Government announced that they have stopped the child trust fund but have introduced the "Junior ISA" in the Autumn of 2011 as a tax free savings account for children. More details to follow. Existing CTF's will remain in place.

Any tax allowances or thresholds mentioned are based on personal circumstances and current legislation which is subject to change.