Quick Enquiry
Current ISA Rules
When you buy an ISA like a PEP in the past, it is not a product in itself, but a tax efficient wrapper around an allowable annual investment. What your money is buying is the underlying investment, such as units in a unit trust or shares in a company. An ISA investment is free of all income or capital gains.
There are two types of ISA that you can purchase. A Mini ISA and Maxi ISA and you are only allowed to hold one type in each tax year.
It is important to remember that if you put just £1 inside a Mini ISA you will not be permitted to open a Maxi ISA in that same tax year and vice versa.
| Investment Type | Mini ISA | Maxi ISA |
| Cash | £3,000 | £3,000 |
| Stocks & Shares | £4,000 | Balance to £7,000 |
| Totals | £7,000 | £7,000 |
“Many Maxi ISA providers only offer the stocks and shares element without a cash function. For clients wishing to hold cash and stocks within their ISA, a Mini ISA will offer a greater number of options.
If you are interested in making an ISA investment please choose one of the following options:
Option 1: If you know the funds that you would like to place into your ISA then you can invest online now. All you have to do is go to the buy an ISA section, read and confirm you agree with our Execution Only form. Once this has been agreed with you will be able to invest into an ISA on line. Once we have had notification that you have done this we will have your investment enhanced by 1.5% of the initial investment. Alternatively if you would like an application form please contact us by either completing the quick enquiry form or ring us on 0800 015 1146. You will still receive an enhancement. We will also offer the same enhancement for transferring ISA’s and PEP’s via First Place Financial Ltd if we handle the transaction. ( Please note enhancements are paid from commission sacrifice and therefore to qualify for an enhancement a commission has to be paid to us from the provider of the product)
Option 2: If you want to make your own fund selections but would like to look at some fund information then please visit our fund research section, which provides fund performance figures. This section holds fund information on all providers and therefore you will have to be sure the funds you select are available for the chosen ISA provider in this case Funds Network provided by Fidelity
Option 3: If you are unsure of how to invest your ISA allowance or simply do not have time then contact us by either completing the quick enquiry form or ring us on 0800 015 1146. We will contact you and we will help you through the process.
Once you have made your investment or transferred your investment servicing to First Place Financial Ltd, we will be able to list your holdings in our customer log in area and where possible have these holdings updated daily. Only you and us will be able to see your holdings and no one else. Some providers do not subscribe to the system but most of the main providers do. This is a convenient way for you to see the value of your holdings at a glance all in the same place which will save you time. We will only list holdings in this way when we have the servicing rights of the investments concerned.
Please Remember! All investments carry some risk. Before going any further, please read the Important Notice below.
Important Notice
Past performance is not necessarily a guide to the future. The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. ISA’s, PEP’s, Bonds and Unit Trusts should be regarded as medium to long-term investments. First Place Financial offers an execution-only service for investments made via this website. If you require investment advice then you should contact us by either completing the quick enquiry form or ring us on 0800 015 1146. Tax assumptions are subject to statutory change and the value of any tax relief if any, will depend upon your individual circumstances.
