Individual Savings Accounts (ISAs)

Tax Year 2012/13

The annual ISA subscription allowance is £11,280.

Up to £5,640 of this allowance can be saved in a Cash ISA with one provider. The remainder of the £11,280 can be invested in a Stocks and Shares ISA with either the same or another provider. Alternatively, you can invest all of your £11,280 allowance in a Stocks and Shares ISA.

Where you have asked us to manage your investments through either a Discretionary or Advisory Investment Management Agreement, you can invest in the Coutts Investment Management ISA, which will be applied to ISA eligible investments within your portfolio.

If you want to manage your own investments or choose your own investment managers, the Coutts Self Select ISA offers you a range of investments, including UK stocks and shares, unit trusts, investment trusts and bonds. You can also switch funds easily by telephone.

The Coutts Tracker ISA is designed to track within 1% the returns on the FTSE ALL share index, providing tax efficient long-term passive exposure to a UK equity index. We select a leading external fund manager to manage the fund, whose performance is regularly reviewed to ensure that they meet our requirements.

If you find that your existing ISAs whether cash or stocks and shares, no longer meet your objectives, you may wish to consider transferring them to a Stocks and Shares ISA at Coutts. This ensures more simplified management and paperwork, as all of your ISAs will be reported together in one statement.