ISAs

ISAs from Aviva

Because of their tax-efficient benefits, ISAs (Individual Savings Accounts) are considered a 'must have' by many savers looking to make the most of their money. By choosing an Aviva ISA, you can relax in the knowledge that your money is in good hands. The Aviva ISAs are managed by Aviva Investors which is part of the Aviva group.

What is an ISA?

Under current tax rules, an ISA enables you to invest money and receive any income earned from the investment free from income tax. Plus, you won't have to worry about paying UK capital gains tax on any growth in value.

Although ISAs are tax efficient, the underlying funds may have to pay tax that can not be reclaimed.

There are two types of ISA; a Cash ISA and a Stocks and Shares ISA.

As of 6 April 2011, every adult in the UK has an annual ISA investment allowance of £10,680. Up to £5,340 of that allowance can be saved in a Cash ISA with one provider, or you can choose to invest the remainder, up to the full allowance, in a Stocks and Shares ISA with either the same or another provider. Alternatively, the full £10,680 can be invested in a Stocks & Shares ISA with one provider. Remember, these tax rules and limits may change in the future.

Please remember that the value of investment in funds can go down as well as up and returns are not guaranteed. You may get back less than your original investment.

What's the difference between a Stocks and Shares ISA and a Cash ISA?

• Stocks and Shares ISAs enable you to invest in individual company shares or funds that invest in stocks and shares. These are usually higher risk/return funds aiming to provide long-term capital growth, income or a mix of both.
• Cash ISAs enable you to save in deposits and/or interest-bearing accounts or cash funds, which are of a lower risk/return nature.

WC02058 04/2011