Mini ISA

You can take out 2 or more Mini ISA's made up of the following components:

• Up to £3,600 in a ISA Savings Account.
• Up to £4000 in a Mini Stocks and Shares ISA in either :
  • Stockmarket Funds - Investing in a Stock Market, either as a Index Tracking ISA, or into a manged ISA Fund
  • Bonds - Investing in Bonds is usually a low risk investment which bring you a fixed interest rate as a return over a fixed period of time, however your risk and returns can increase depending on what type of fund you invest in. A Bond is basically a loan to the government or a corporation, where the lender pays you a rate of interest for the loan and then repays the loan at a given date. Bonds are listed in an index started with AAA Bonds in a downward scale. AAA Bonds are considered the safest Bonds, and these ratings are given to the Government or large corporations. As you go lower down the scale, the more chance there is of your lender defaulting or being unable to repay your loan, however these bonds offer a much higher rate of interest to balance the risk. The highest risk Bonds are often known as Junk Bonds
  • Property ISA Funds - A property ISA is a way of investing you ISA allowance in the property Market.
  • A Self Select ISA - A way of investing in Stocks and Shares under a Tax Free Wrapper - You can open a Self Select ISA Account and deal up to your allowance (£4000 if you also have a Cash ISA). All investments under this wrapper are Tax Free as long as you stay under your £4000 limits