Exclusive Offer for Barclays Shareholders!!

TurnaroundSue

Hi - I was wondering if anybody can help me. Do not understand how a share ISA works, although I have some idea of a cash ISA. I have received a leaflet today from Barclays, with whom I have shares, saying that if I put my shares into an ISA I will get 100% capital protection, 10% MINIMUM return, 55% of any FTSE 100 Index growth (averaged out over the last year of the term), and 50% commission rate. They say if the FTSE 100 index goes UP, I will get back 100% of original investment, plus 10% minimum return - and 55% of any growth in the FTSE 100 index at the end of a 5 year term. If the FTSE index goes DOWN I will get 100% of my original investment, plus 10% minimum return at the end of a 5 year term.

I have got to invest a minimum of £4k althougth I can invest up to £14k (as I don't hold any ISA's at present) both this tax year and next.

Can somebody please explain (in easy to understand) terms what this means, and whether this looks like a good deal. I understand that once I have invested in the ISA I cannot withdraw it for 5 years (without penalty), but what does the 50% commission rebate mean - do I have to pay to invest/get my shares back at the end?

It looks like a winner to me, but not sure whether it is!! Any advice would be greatly received!