Changes to ISAs & PEPs

On 6th April 2008 the ISA and PEP rules were changed representing the biggest change to ISAs and PEPs since 1999, when ISAs were introduced. The Chancellor also confirmed ISAs are here to stay indefinitely. We welcome these changes:

• The ISA allowance has risen from £7000 to £7200
• PEPs have merged with ISAs
• You can transfer Cash ISAs into Stocks and Shares ISAs
• The Mini & Maxi ISA distinction has been removed
• TOISAs have been abolished and will now be Cash ISAs

Most importantly the main tax benefits remain; ISAs will still be free of Income Tax and Capital Gains Tax and we believe this means they should remain an essential part of most investors’ portfolios. To find out more about these changes request our free guide to ISAs.

How much could you save?

With loyalty bonuses of up to 0.5% on over 1200 funds transfer to Vantage and you could save money every year, find out how much with our loyalty bonus calculator. With the PEP & ISA changes combined with the time and cost savings of Vantage there has never been a better time to transfer.

In addition to a Stocks and Shares ISA, we also offer a Cash ISA.

How to transfer

If you would like to transfer your holdings to Vantage all you need to do is download the relevant transfer form and return it to us. There is no need to contact your existing manager; you can leave everything to us.

• Download the Stocks and Shares transfer Form
• Download a Cash ISA transfer form