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Tax efficient FTSE tracker in or out of an ISA for the cautious investor
yorkshire_ria
Posts: 35 Forumite
To save your surfing bill, this one probably isn't for you if you're 70+. Sorry.
If you get your skates on you can use your ISA allowance for this & the next tax year in one go. The Barclays Protected FTSE plan is aimed at people looking for growth & capital protection. The minimum investment is £3,000. You can invest inside an ISA (mini or maxi) or direct without the ISA wrapper. It has 100% capital protection – this means as a minimum you get your initial investment back plus 100% of any return linked to the growth in the FTSE 100 when you invest for 5 years. Great peace of mind for anyone who had their fingers burnt in the past.
For those who have already used their ISA allowance or looking to invest more than their ISA allowance, a really good differentiator to most guaranteed equity bonds is any return is subject to capital gains tax. People can use their annual CGT allowance, currently £8200, and if you use this, gains from the growth will be totally tax free.
There’s still time to apply before the end of the tax year if you haven’t already. If you get your skates on you can use your ISA allowance for this & the next tax year in one go. As these products are a little more complicated that straight forward savings, it isn’t online.
Get a brochure from Barclays branches or call Barclays Financial Planning for a brochure/appointment with an Adviser 0800 4046156 Monday to Friday 9-5.
Not for everyone but the tax advantages are sound & the capital protection is sweet provided you don’t need to dash for your cash.
If you get your skates on you can use your ISA allowance for this & the next tax year in one go. The Barclays Protected FTSE plan is aimed at people looking for growth & capital protection. The minimum investment is £3,000. You can invest inside an ISA (mini or maxi) or direct without the ISA wrapper. It has 100% capital protection – this means as a minimum you get your initial investment back plus 100% of any return linked to the growth in the FTSE 100 when you invest for 5 years. Great peace of mind for anyone who had their fingers burnt in the past.
For those who have already used their ISA allowance or looking to invest more than their ISA allowance, a really good differentiator to most guaranteed equity bonds is any return is subject to capital gains tax. People can use their annual CGT allowance, currently £8200, and if you use this, gains from the growth will be totally tax free.
There’s still time to apply before the end of the tax year if you haven’t already. If you get your skates on you can use your ISA allowance for this & the next tax year in one go. As these products are a little more complicated that straight forward savings, it isn’t online.
Get a brochure from Barclays branches or call Barclays Financial Planning for a brochure/appointment with an Adviser 0800 4046156 Monday to Friday 9-5.
Not for everyone but the tax advantages are sound & the capital protection is sweet provided you don’t need to dash for your cash.
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