DSP offer a Maxi ISA Stocks and Shares facility. As well as opening a new ISA for the current tax year (£7,000 per individual), we also welcome ISA transfers so you can keep all your investments with our custodian. Your ISA will be managed  on an asset allocation basis as part of your wider investment portfolio.

Since 1999,  it is estimated that 17 million people have subscribed  a total of  £220 billion to their ISA’s and the tax benefits make this a suitable investment for most clients.  

Please bear in mind the following important changes to ISA regulation that have been announced.

• The annual limit will be increased to £7 , 200 for ISA contributions in April 2008.  
• PEPs and ISAs can be amalgamated within  one ISA wrapper  and there will no longer be any distinction between a mini and maxi ISA 
• Cash ISAs  can also be amalgamated into stocks and shares ISAs

These last two points  are very important as they help to reduce costs and cut down on paperwork significantly. D SP offers a full discretionary ISA/PEP Management service  and our charges are competitive.  

What is an ISA?

An ISA is an Individual Savings Account. It isn't an investment, but is a tax-exempt wrapper in which we can manage your investments to protect them against income and capital gains tax.

The only reason for taking out an ISA is to protect your savings and investments from the taxman - the ISA tax benefits:

What are the Tax advantages of ISA's?

• Capital Gains Tax, (CGT):  There is no capital gains tax to pay on profits made from the sale of any investments held within an ISA.
• Income Tax: Cash ISAs are free of income tax  and interest from gilts is free of income tax. However, since 6th April 2004 any income from shares or share-based unit trusts is charged 10% income tax at source and this cannot be reclaimed.