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Stocks and Shares ISA benifits???

TravelTiger · 2007-06-04 11:21:58

Hi I have taken out the full £7000 Maxi ISA allowance in the form of a Fidelity Moneybuilder Fund. I am a standard rate tax payer. My question is what benefit do I gain by opening this fund under an ISA wrapper. My understanding is that tax will still be deducted from dividends at a rate of 10% regardless of it being an…

Comments

moneylover Posts: 1,664 Forumite

18 July 2007 at 3:47PM

carnet wrote: »

There are also at least six Equity & Bond funds residing within the Cautious Managed Sector, where the managers have stated their intention to maintain at least a 51% bond weighting, and whose payments are therefore classified as interest rather than dividends and, as such, are eligible for the tax reclaim within an ISA.

Which ones are they?

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