Debbie Day from Hoskin Financial Planning powerpoint at a recent Hoskin Educational Workshop held in May in Colchester about the different ISAs around

1. Individual Savings Allowance
(ISA)
Debbie Day

2. The Golden Rule
Use it or lose it!!

3. Current types of ISAs
• Cash ISA
• Junior ISA
• TOISA
• Stocks and Shares ISA

4. History of the ISA
• Introduced on 6 April 1999
• Replaced PEPs and TESSAs
• Complicated Mini ISA Maxi ISA and Life
Insurance ISA

5. CASH ISA
• CASH Deposit similar to a general savings
account apart from the tax free status
• Interest paid gross no tax to be paid
• No need to report on Tax Return
• Subscription Limit £5,760

6. Junior ISA
• Introduced on 1 November 2011
• For children born on or after 3 Jan 2011 or do not
have a Child Trust Fund
• No access until child reaches age 18 when the
child has access
• Subscription Limit £3,720

7. TOISA (Tessa only ISA)
• To allow the original capital from a TESSA (up
to £9K) to be reinvested in a tax free form
• All capital in TESSA had to be transferred to
TOISA

8. Stocks and Shares ISA
• Minimum age 18
• Invest either as Lump sum or Regular
contributions
• No personal tax on the income or profit your
investment earns
• No need to include ISA holdings on your tax
return.
• Subscription Limit £11,520

9. ?
If you had saved the maximum amount into a
stocks and shares ISA since inception how much
would you have invested?

10. Under age 50 in 2009/2010 £131,080
Over 50 £128,080

11. Cash ISA Transfer
• Did you know that you can transfer your cash
ISA into a Stocks and Shares ISA?
• If you have built up 2-3 years of Cash ISA
allowance now is the time to speak to a
financial adviser . The returns can be great
and there are also Guaranteed products so
you won’t lose a penny.

12. Any Questions?