Why should you invest in an ISA?
An ISA is a special government-approved tax ‘wrapper’, within which you can place a wide range of investments with tax-free returns (including capital gains or income).
Every UK adult has an annual £7,200 ISA allowance. However, unused allowances do not roll over each year, so you must use your ISA allowance or it is lost forever. Once taken, though, an ISA remains tax-free until it is cashed in. Approved ISA investments include: individual shares or bonds; pooled investments (including OEICs and investment trusts and companies etc), and cash investments (e.g. certain bank and building society accounts). There are currently two types of ISAs:
-
Stocks and Shares ISA
- You can invest the full £7,200 with one provider, either solely in stocks and shares, or as a mixture of stocks and shares and cash.
-
Cash ISA
- You are allowed to invest up to £3,600 in each tax year in cash with one provider. The remaining £3,600 of your ISA allowance may be invested in stocks and shares with the same or another provider.
Benefits of investing in an ISA
-
Tax-free returns
– all returns generated within an ISA, both capital gains and dividend payments can be enjoyed tax-free.
-
No lifetime limit
– subject to the annual £7,200 investment limit, there is no overall limit on the amount one individual can accumulate in ISAs.
-
Range of investments
– ISAs permit a huge range of investments, from individual shares and bonds to investment funds and cash savings accounts.
-
Stability
– the UK Government recently indicated that ISAs would remain part of the investment landscape for the foreseeable future.
Henderson offers the following ISAs:
|
ISA
|
Investment
|
Features
|
Fees
|
|
OEIC
Investors can choose from 24 Henderson
OEICs.
|
Stocks and Shares ISA
You can invest from as little as £50 a month* or a minimum lump sum investment of £1000.
|
Two share classes available – A and X
Phased investment facility over three, six and 12 months
|
The fees for the Henderson OEIC ISA are the same as those applicable to investments in OEICs outside of an ISA.
|
|
Multi-Manager
Investors can choose from three distinct Multi-Manager portfolios.
|
Stocks and Shares ISA
Minimum lump sum investment of £1000 per portfolio.
Phased investment facility over three, six or 12 months.
|
ISA - minimum £1000 per portfolio
|
The fees for the Henderson Unit Trust ISA are the same as those applicable to investments in our Unit Trusts outside of an ISA.
|
|
Investment Trusts and Companies
Choose any of 12 Henderson Managed Investment Trusts and Investment Companies.
|
Stocks and Shares ISA
|
Income is re-invested automatically or can be paid directly into your bank/building society account.
Up to date valuations available online 24 hours a day, seven days a week.
|
£25 (+VAT) Annual Management Charge (AMC) regardless of the number of years’ ISAs you have.
Competitive dealing charges.
|
* not available for Fixed Income Funds