Tax efficiency and flexibility – these are the keynotes of the Sheffield Mutual Mini Stocks and Shares ISA.
One of the most popular forms of savings, ISA’s offer special tax advantages which, under current legislation, allow investors to receive the proceeds of their account complete free of any tax liability.
And to add to the attraction of the Sheffield Mutual ISA it is now possible, under recent legislation, to hold an additional Insurance Policy as part of the Mini Stocks and Shares Account.
The tax advantages are obvious - and the flexibility of our Mini Stocks and Shares ISA is just as clear. The minimum amount you can invest in your Account is just £30 per month or a single initial premium of £300 and you can add to your ISA anytime during the year – providing you don’t exceed the annual maximum of £4000 or £333.33 per month in any tax year (6 April to 5 April the following year). If you are not paying on a monthly basis by standing order the minimum additional investment is £100.
Additionally there is no specific term for you to hold your ISA – but to take maximum advantage we do recommend that you regard this form of investment as being medium to long term.
Should you wish you could even stop or vary the level of payments during a tax year. However not making a single payment in the whole tax year and wishing to start again you would have to make a new application.
Interested? Start your ISA now
Simply decide how much you would like to save and whether you would like to save monthly or annually. You should download our starter pack. Study the 'Key Features' literature and, providing you do not need any advice, complete and sign the application form and standing order authority and return them by post to:
Freepost RLUC-XKZE-RJAT
Sheffield Mutual Friendly Society
3 Maple Park
Maple Court
Wentworth Business Park
Tankersley
Barnsley
South Yorkshire
S75 3DP
along with a cheque for the initial premium.
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