ISA investment options extended

Savers with ISAs, Junior ISAs or Child Trust Funds (CTFs) will soon have a wider range of options for investing.

HM Revenue & Customs (HMRC) confirmed on 15 June that from 1 July 2015, the range of investments that could be held in ISAs or CTFs would be extended to:

  • securities (including retail bonds) and shares issued by housing associations and other co-operative societies or community benefit societies
  • a broader range of securities issued by companies, including those admitted to trading, but not listed, on a recognised stock exchange in the European Economic Area
  • shares in investment trusts will be eligible for an ISA, even where more than 50 per cent of the value of the trust’s investments is made up of securities that would not, if bought on their own, qualify to be held in an ISA.

HMRC said: “Over 2.5 million individuals have a stocks and shares ISA and over 6.5 million children have a Junior ISA or CTF. Extending the range of investments that can be held in these accounts will increase the choice available to savers.

“It will also provide support through ISA and CTF for companies (in particular SMEs) and co-operative and community benefit societies (such as housing associations) who raise funds through the issue of retail bonds and other securities.”

Everyone wants to make the most of their money but in a complex financial marketplace, identifying the right savings and investment options is not always easy.

To help shed light on the issue, MT Financial Management will be holding a free investment seminar from 4.30pm on Tuesday, 10 November 2015 in the Function Suite, South Holland Centre, Spalding.

To book your place at the event – or to receive details of future events in our seminar programme – please contact Louise Bacon at louise@mooret.co.uk or on 01775 711333.

For more information on how MT Financial Management can assist with advice on savings, investment and other financial planning issues, please contact us.