Don't Forget Your 2009/10 ISA Contribution
19th May 2009
As you may be aware, the annual ISA investment allowance is £7,200. Up to £3,600 of this can be saved in cash with one provider. The remainder or all of the £7,200 allowance can be invested in Stocks and Shares with either the same or another provider. Your 2009/10 tax-year contribution can now be invested and the sooner you invest, the greater the potential return.
You can also transfer some or all of the money saved in previous tax years with another provider from Cash or Stocks and Shares ISAs to a Sheffield Mutual Stocks and Shares ISA without affecting your annual ISA investment allowance.
The Society's with-profits Stocks and Shares ISA is invested in a range of assets, which will include property, equities, fixed interest and cash to provide a spread of risk. Depending on the performance of these investments, the Society will declare a bonus rate annually in April and this will be applied to the Stocks and Shares ISA. Our bonus declaration for 2008 was 4%.
If you are interested in finding out more about the Sheffield Mutual Stocks and Shares ISA, please contact us.
