Frequently Asked Questions
We have answered below some of the most frequently asked questions about our Investment ISA.
If you can’t find what you need to know here, then you can do one of the following:
Call us FREE on 0800 195 9246 (8am – 6pm weekdays)
Email us enquiries@nationaldeposit.co.uk
Write to us at National Deposit, 4-5 Worcester Road, Clifton, Bristol, BS8 3JL
Alternatively,
Q. What is the maximum I can invest into a National Deposit Investment ISA?
A. £7,200 per tax year less any amount you have invested into a cash ISA. The maximum you can invest into a cash ISA is £3,600 per tax year.
Q. Can I withdraw any money from my investment ISA?
A. You may withdraw a minimum of £500 at any time provided the value of your remaining ISA is at least £1,000. There are no charges for a withdrawal.
Q. Do I have to invest in this ISA for a set term?
A. There is no fixed term so you can cash it in at any time. However we recommend you hold your ISA for a minimum of five years and ideally for at least 10 to allow growth over the medium to long term.
Your tax-efficient savings allowance: Use It, Or Lose It!
Everyone in the UK aged 18 or over has an ISA tax-efficient savings allowance. If you don’t use it, you will lose it. It’s as simple as that!
YOU qualify if you are:
- aged 18 or over
- live in the UK (and will be for at least 6 months of the tax year)
- or are a crown employee or spouse / civil partner of a crown employee serving overseas
Alternatively, why not find out more about our Investment ISA by calling us on 0800 195 9246 or order your FREE information pack.
