Redmayne Bentley Stockbrokers
Call us today on 0113 243 6941
Deadlines for the 2011/12 Tax Year:
- New ISA application forms & monies: 3pm, 5th April 2012
- Transferring in existing shares: 4pm, 29th March 2012
Call your local branch or the ISA Team on 0113 200 6580
Please note tax treatment depends on the specific circumstances of each individual and may be subject to change in the future.
Income Tax Savings
When held within an ISA you will save up to 50% tax on income from Gilts, Bonds, PIBs, some Exchange Traded Funds and REITs, depending on your tax status. Within an ISA the income/interest is received gross with no tax liability.
With dividends on shares, 10% is deducted at source and whilst this cannot be reclaimed, higher rate taxpayers save the further tax due if the shares are held outside an ISA.
Additionally, you do not have to declare your ISA investments on your tax return.
Capital Gain Tax (CGT) Savings
Over time modest investments can grow quite large and if held outside an ISA, a single year’s CGT allowance (£10,600 for 2011/12 tax year) may not be enough to protect you from tax up to 28% when you come to sell them.
For further information see our Capital Gains Tax fact sheet.
Why is it important to
act before 5th April deadline?
You don't need to invest immediately, but you must secure your allowance or you will lose it forever.
5th April 2012 is the last day for 2011/12 ISA subscriptions and applications.
Alternatively you can utilise your allowance with existing shares you own, this involves selling sell shares and buying them back in your ISA with commission charged only on the sale (other standard charges apply). The deadline for certificated shares is 29th March and the 2nd April if held in a Redmayne-Bentley nominee account.
How should I invest?
A stocks and shares ISA provides a wide investment scope; you can invest in individual companies, sectors, geographical regions and indices, commercial property and commodities including gold, oil and agriculture.
We can assist you with investment ideas. Subscribe to our Monthly Recommendations List, Share Spotlight and Trading Ranges.
If you're not confident about selecting your own investments, Redmayne-Bentley's investment managers can provide ongoing advice and recommendations tailored to suit your personal objectives or can offer a complete Discretionary management service.
For more details call your local branch or our Investment Support Team on 0113 200 6560.
Can an ISA alleviate
the impact of Inflation?
Stocks and Shares ISAs are proving their value as investors turn to them in an effort to offset the adverse effect of inflation on their cash savings. Our Inflation: how to alleviate the impact on your investments factsheet outlines the investment types that can help protect your savings against inflation over the long-term.
When you die, Inheritance Tax (IHT) will be assessed on your estate, but whilst your ISA does form part of your estate for Inheritance Tax purposes, the proceeds of your ISA can be paid in full to your beneficiaries without incurring Inheritance Tax liabilities on any interest, income or capital earned on your investments up until the date of your death.
Find out more about our Self-Select ISA.
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