100 day notice cash ISA

A Cash ISA (Individual Savings Account) is an investment which enables annual sums to be saved and on which interest is paid free of tax. However, it is not possible to state that favourable tax treatment will be maintained indefinitely as it is the government and not the Society who is responsible for the tax treatment.

The ISA subscription limit from 6 April 2013 to 5 April 2014 is £11,520. Up to £5,760 of the ISA allowance can be saved in a cash ISA with one provider. The remainder of the £11,520 can be invested in a stocks and shares ISA with either the same provider or another provider. Alternatively, the full £11,520 can be invested in a stocks and shares ISA with one provider.

-You must be 16 years of age or over, investing in your sole name only
-You may subscribe to only one Cash ISA in any one tax year
-You must be resident and ordinarily resident in the UK (subject to an exception for certain Crown employees, their spouse or registered civil partner)
-You will be and must remain in beneficial ownership of the investment and it must not be used as security for a loan
-The Society will notify you, if by reason of any failure to satisfy the provisions of the ISA Regulations, your Cash ISA has, or will become void
-In the event of death, any interest due up to the date of death will qualify for income tax exemption, but not thereafter as the account will cease to be an ISA
-In the event of you opening a Cash ISA, the application remains valid for subscriptions made in the next and consecutive years. However where a break between subscriptions lasts for a whole tax year, we will need a fresh application before subscriptions can recommence.