Written by Isa guides
There are three types of ISA’s available from the Halifax Bank of Scotland (HBOS): mini cash ISA’s; mini stocks and shares ISA’s; and maxi ISA’s. It is possible to invest up to £3,000 in cash in a mini cash ISA in each tax year, £4,000 in a mini stocks and shares ISA, and £7,000 in a maxi ISA. It is also possible to invest cash in a maxi ISA, but only up to £3,000, with the remainder of the £7,000 open to investment in stocks and shares. …continue reading the story
called ISA’s at Halifax Bank of Scotland
Written by Isa guides
Marks and Spencer Money (M&S Money) currently offers savers three types of ISA’s: a mini cash ISA; a mini stocks and shares ISA; and a maxi ISA. Up to £3,000 in cash can be invested in a mini cash ISA; while a combination of cash and shares can be deposited in a maxi ISA up to a value of £7,000 - although only up to £3,000 can be invested in cash. For maxi ISA’s and stocks and shares mini ISA’s, money can be invested in one or more of M&S Money’s five trust funds.
It should be known that it is not possible to subscribe in the same tax year to a maxi ISA and a mini ISA, more than one mini ISA of the same type, or more than one maxi ISA. M&S Money also stresses that although stocks and shares ISA’s offer the prospect of large returns, there is risk involved and it is possible that any initial investment may not grow and might even become devalued. ISA’s are a medium to long term investment, with a recommended investment period of 5 years. …continue reading the story
called ISA’s at Marks and Spencer Money (M&S Money)
