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Individual Savings Account  

Flexible features
The Sterling Individual Savings Account aims to increase the value of the money you invest for growth or income, or both, without paying tax on any income or capital gain. You can invest through a range of funds that match your investment objectives. You should consider this investment as medium to long term (for at least five to ten years).

bullet point You can make payments up to the yearly HM Revenue & Customs limits.
bullet point Minimum lump sum investment for the first single payment is £3,000, additional single payments of £1,000.
bullet point Minimum regular investment is £100 a month or £50 a month if you invest a lump sum at the same time. You can increase your payments at any time by at least £25 a month (we can only accept regular payments by direct debit).
bullet point You can transfer in existing ISAs held with other ISA managers.
bullet point Maximum investment for our ISA is £7,200 in each tax year.
bullet point Fund switching is currently free although we reserve the right to charge for excessively frequent switching. You can download our switch form and send it to us in the post, unfortunately, we cannot accept e-mail or fax requests
bullet point Regular withdrawals, you can take up to 7.5% of the current plan's value either monthly, quarterly, termly (3 times a year), half-yearly or yearly, either as a fixed amount or a percentage of the fund. You can tell us from which funds you would like to take withdrawals.
Download the regular withdrawal request form.
bullet point Income distributions are available from income producing funds in March, June, September and December.
bullet point If you die, the tax benefits will end straight away. If you die in the first ten years, we'll pay your representatives the greater of your current ISA value or the investments you've made, less any distributions or withdrawals. If you die after ten years, we'll pay your current ISA value.
bullet point The ISA has no fixed term.

You should monitor the value of your investment as the value and any income from it isn't guaranteed and can fall as well as rise. You may not get back the amount invested. Past performance is not a guarantee of future performance.

The tax benefits of an ISA could change and are not guaranteed.

A select panel of funds
To give you some reassurance, every new fund in our select panel range goes through an initial careful quality control and selection process, which involves ensuring that each one meets our stringent criteria in a variety of areas.

Our select panel range covers all major asset types and geographical regions, giving you and your adviser the flexibility you need to create an investment portfolio that's right for you and your attitude to risk. The range includes our Protected Profits funds, which are designed to meet the needs of cautious or moderately cautious investors.

We regularly review our select panel range against ongoing criteria, adding and removing funds to ensure it remains relevant and up to date.

Wider market funds
If our select panel range doesn't offer the funds you're looking for, our wider market range could have exactly what you need. Our objective is to offer an increasing choice of funds, including more specialist and geographic sectors.

The funds in our wider market range are available at a small additional charge. Please note that these funds do not undergo the same careful selection process undertaken on our panel funds and your should, therefore, discuss this with your adviser. However, we do ensure that the following criteria are met before adding funds to this wider range:

  • The fund must be UK domiciled and regulated by the Financial Services Authority
  • The fund manager must meet compensation scheme requirements.
  • The fund must be of the type that can be put into an ISA.
  • The fund must have daily pricing to allow Sterling to accurately value your investment.

We don't guarantee the value of an investment or the level of income, which can go down as well as up. Depending on investment conditions at the time, the return could be less than the amount invested.

Regular information
We'll send you a statment in April and October each year clearly showing the current value of your ISA and the funds you're invested in and you can check our fund centre to see how your funds are performing. For more information about making changes to your plan visit the changes to your plan page.

Please contact your adviser if you wish to find out more about Sterling plans. If you do not have an adviser you can find one from one of the following websites.

 
 
   
 
   
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