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The aims of the TU Individual Savings Account
The TU Individual Savings Account (ISA) is designed to allow individuals to invest in the unit trusts managed by TU Fund Managers (TUFM) on a tax efficient basis.
As well as paying no tax on the capital growth, you will be helping good causes by investing in TU unit trusts, thus helping others as well as helping yourself.
ISAs are a government created investment vehicle designed to allow individual investors to invest in cash and/or stocks and shares on tax advantageous terms.
ISA investment rules for 2008/9
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You can invest up to £3,600 in a Cash ISA
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You can invest up to £7,200 in a Stocks and Shares ISA
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Overall annual investment limit of £7,200
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Removal of Mini and Maxi ISAs
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Any cash invested in previous years ISAs can be transferred into a new Stocks and Shares ISA, in addition to that year’s contribution limit.
TU Fund Managers only offers the stocks and shares ISA option. Transfers in from other stocks and shares ISA Account Managers are very welcome.
The choice of trust is yours subject to a minimum lump sum investment of £1,000. Regular Savers must invest at least £50 per month. You may cash in all or part of your investment at any time.
 
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