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Stocks and Shares ISAs

Stocks and Shares ISAs allow you to buy and sell shares and any growth and returns are free from any further Income Tax liability and Capital Gains Tax.

The annual allowance for 2016/17 is £15,240, which can be invested in cash, stocks and shares or a combination of the two. Furthermore, ISAs can be transferred between any providers.

The annual allowance is £15,240, which can be invested in cash, stocks and shares or a combination of the two. Furthermore, ISAs can be transferred between any providers.

What are the benefits?

  • £15,240 allowance for the 2016/17 tax year, increasing to £20,000 in 2017/18, which can be invested in almost anything.
  • An annual administration charge of £60 + VAT, regardless of the value of your ISA or the number of investments held.
  • You can transfer ISAs held with other providers to Redmayne-Bentley, including Cash ISAs, to create a single ISA portfolio, potentially reducing your overall costs.
  • New for 2016/17: You can withdraw and replace monies from an ISA without the replacement counting towards your annual subscription limit, as long as the withdrawal and repayment occur in the same tax year.
  • There is no further Income Tax liability for dividend income above the Dividend Allowance of £5,000.
  • You can invest in gross income paying investments, such as fixed interest stocks like gilts and bonds, Exchange Traded Funds and Commodities, permanent interest bearing shares (PIBS) and Real Estate Investment Trusts (REITs). Income from these investments does not fall under the Dividend Allowance.
  • Any gains are FREE from Capital Gains Tax (CGT).
  • A surviving spouse or civil partner can benefit from a one-off additional ISA allowance, equal to the value of the ISA at the date of death.

What are the risks?

  • You should consider if the potential tax benefits are likely to exceed the associated charges. Contact your local Redmayne-Bentley branch to discuss further.
  • Investments and income arising from them can fall in value and you may lose some or all of the amount you have invested.
  • Tax treatment depends on the specific circumstances of each individual and may be subject to change in the future.

How much does it cost?

  • The annual administration charge is £60 + VAT, regardless of value or number of investments held within the ISA. For individuals opening a new ISA account this would be due for payment in October 2017.
  • If you have subscribed to ISAs with a number of providers over the years, you can transfer these (including Cash ISAs) to create a single 'ring-fenced' pot. Consolidating ISA accounts may bring the benefits of reduced paperwork and ease of management, and also potentially cost savings. If you have ISA accounts held with other providers you can opt to transfer these accounts to Redmayne-Bentley with nothing additional to pay on your annual fee.*

* Your current provider may charge an exit fee.

Info Point

In March 2016 Redmayne-Bentley was named 'Best Advisory Stockbroker' at the ADVFN International Financial Awards 2016, the second consecutive year we have won this award.

Also for the second time in a row, we were awarded the title of 'Best Full Service Stockbroker' at the Investors Chronicle and Financial Times Awards 2015 towards the end of the year.

The firm also achieved 'Best ISA Provider' at the City of London Wealth Management Awards in March 2015.

Please note, we do not provide advice on life assurance and other financial planning products to private clients and therefore, we are recognised by the FCA as a 'restricted advice' firm.

For more information on our awards, please visit

2016/17 ISA limits
The allowance for a Stocks and Shares ISA has been held at £15,240 for the current tax year.

Consolidate your ISAs: Could You Save on Charges?
You can transfer ISAs held with other providers (including Cash ISAs) to create a single ISA portfolio with us. This may bring the benefits of less paperwork and ease of management, and potentially cost savings.

To transfer ISA accounts to Redmayne-Bentley, simply complete your details on our ISA Transfer form contained within our ISA brochure and we will do the rest for you.

Mitigating Capital Gains Tax (CGT)
We find that many of our clients don't believe they will be affected by Capital Gains Tax (CGT), thinking they will be covered by the annual allowance (£11,100 for 2016/17). However, over time, modest investments can grow into a sizable portfolio, and in selling their investments, they can be liable to a substantial CGT bill. Holding investments within an ISA from the outset could save you a considerable amount of money in the future.

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Use our enquiry form or write to us if you have any questions regarding our products and services.


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Under our Investment Management services, your ISA can be incorporated to a wider portfolio designed to meet your personal investment objectives.

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