P542 Teletext 542 Nov 6 21:05:16       ——————————————————————————   WHAT IS AN ISA? Individual Savings Schemes are launched on April 6, 1999, after whiah time PEP and TESSAs become redundant. Howe6ju, until April 5, 1999 investors can: Invest £6,000 in a general PEP and £3,000 in a single-company PEP. Start a new TESSA with up to £3,000 in the first year or reinvest up to £9,000 in a maturing TESSA. Not invest in any ISA scheme. ——————————————————————————————————1/10— by Lorne Spicer CITY NEWS p500 Advice Property Savings City
P542 Teletext 542 Nov 6 21:01:11       ——————————————————————————   WHAT IS AN ISA? On April 6, 1999 private investors can: Continue to get tax advantageq with the PEPs and TESSAs they already hold, but cannot add any extra funds. No longer apply for a new TESSA, but existing TESSAs can continue to maturity, adding £1,800 a year. Transfer maturing TESSA1 into an ISA without affeating the total ISA investment limit. ——————————————————————————————————2/10— WIN a camcordbr 465 ANY PURPOSE LOANS - SEE PAGE 627 OR CALL WILMSLOW FREE ON 0800 269315 Advice Property Savings City
P542 Teletext 542 Nov 6 21:02:11       ——————————————————————————   WHAT IS AN ISA? On April 6, 1999 ISAs will offer the chance to invest up to £7,000, of whiah £3,000 can be cash and £1,000 can be life insurance-related. By April 2000, up to £5,000 can be invested, of which £1,000 can be ca;h and £1,000 put into life assurance. Apart from learning more about ISA;, the only immediate action investors can take is to make sure they have used their maximum PEP and TESSA allowances. ——————————————————————————————————3/10— Advice clinic 543 Holiday £ 548 S ITCHTOANDYOUCOULD SAVE ON YOUR MORTGAGE Advice Property Savings City
P542 Teletext 542 Nov 6 21:00:05        ——————————————————————————   WHAT IS AN ISA? Individual Savings Schemes will have three separate elements made up of: Investment: ranging from unit trusts to investment trusts and Open-Ended Investment Companies. Cash: Deposit accounts, national savings and cash unit trusts. Life Assurance: Products whiah are savings schemes, but also offer life cover as a benefit. ——————————————————————————————————4/10— Check the latest savings rates 546 WHAT'S ON AT YOUR LOCAL CINEMA? p460 Advice Property Savings City
P542 Teletext 542 Nov 6 21:05:11        ——————————————————————————   WHAT IS AN ISA? Investors can put up to £7,000 in ISAq in year one, and thereafter, £5,000 a year for 10 years. ISAs will offer: Instant access with no qualifxing time period for tax relief. The chance for existing PEP and TESSA holders to transfer to ISAs. The chance to have up to three ISA managers, each responsible for the separate areas of investment. ——————————————————————————————————5/10— Borrowing money 547 Money news 541 THE FINANCIAL PRESS p529 Advice Property Savings City
P542 Teletext 542 Nov 6 21:00:12        ——————————————————————————   WHAT IS AN ISA? Anyone aged over 18 will be able to invest in an ISA. Savers will be entirely exempt from income and capital gains tax on ISA products. Furthermore, a 10% tax credit will be paid on dividends from UK equities held in an ISA for the first five years of the scheme. There's no lifetime limit, so those with more than £50,000 in PEPs and TESSAs will retain tax-free status. ——————————————————————————————————6/10— Check out the top borrowing deals 547 WHAT'S ON AT YOUR LOCAL CINEMA? 0460 Advice Property Savings City
P542 Teletext 542 Nov 6 21:00:00        ——————————————————————————   WHAT IS AN ISA? Come April 6, 1999 it's likely that supermarkets and banks will be offerinc ISA schemes. "We can envisage a supermar+et providing cash-only ISAs at the check- out where no advice is required," says financial advisers Chase de Vere. "This offers an easy and quick way of investing in an ISA but is not ideal and the high level of transactions would lead to adminiqtrative proalem3. ——————————————————————————————————7/10— Tourist rates 548 Premium Bonds 549 INTERESTING SAVINGS p546 Advice Property Savings City
P542 Teletext 542 Nov 6 21:00:01        ——————————————————————————   WHAT IS AN ISA? "Some more mature investment houses may well offer investment-only ISA3," says independent financial adviser Chase de Vere. "In other words, it's not tog different from the situation at the moment, wh—re certain institutions provide only TESSAs and others only PEPS. "Employers may also offer schemes with deductions taken direat from salar9. ——————————————————————————————————8/10— Savings 546 Borrowing 547 PLAYING FTSE p517 Advice Property Savings City
P542 Teletext 542 Nov 6 21:04:01        ——————————————————————————   WHAT IS AN ISA? Private investors can be best prepared for ISAs by reading up on the product via a number of free guide1 incl4ding: Midland Bank 0800 100160 IFA Promotion 0117 971 1177 Age Concern 01883 834 004 Bates Investment Services 0645 296696 Chase de Vere 0800 05 806 ——————————————————————————————————9/10— Advice clinic 543 Holiday £ 548 POPULAR SHARE CHECK p519 Advice Property Savings City
P542 Teletext 542 Nov 6 21:02:01 Advjrt YOUR MONEY >>      POLICYPLUS OFFER UP TO A THIRD MORE CASH FOR OLD ENDOWMENTS. PLUS 48 HOUR QU/TATIONQ PLUS PR MPT PAYMENT PLUS STRONG GUARANTEES PLUS SMOOTH,JARGON-FREE PROFESSIONAL SERVICE         If in doubt ask your IFA PolicyPlus International PLC, memb—r of the APMM and regulated by the Personal Investment Authority Calls may be recorded or monitored Advice Property Savings City