What is an ISA?

An Individual Savings Account (ISA) is a tax-efficient investment vehicle. Within your ISA you can hold different asset classes such as bonds, equities (shares) and cash. The ISA simply protects the items inside it from capital gains tax. Anyone aged 18 or over may subscribe to an ISA, provided they are resident and ordinarily resident in the UK for tax purposes.

How do ISAs work?

There are two types of ISA – stocks and shares or cash. With a stocks and shares ISA you can:

• Invest up to £10,680 in a tax year.
• Alternatively you can save up to £5,340 in one cash ISA and place the remainder in one stocks and shares ISA.
• You don’t have to keep your cash ISA and stocks and shares ISA with the same company.
• You can transfer money held in a cash ISA into a stocks and shares ISA, without affecting your annual allowance, but not vice versa.

Are ISA's right for me?

Stocks & Shares ISAs involve taking higher risks (as investments can fall in value) however over the longer term they should have the potential to produce higher returns. This tax year you will be able to invest up to £10,680 in a Stocks and Shares ISA. Please remember that the tax treatment depends on the individual circumstances of each investor and may be subject to change in the future.

So whatever you actually use your ISA allowance on you SHOULD USE IT. Naturally we hope that you invest your ISA in shares of the SF t1ps Smaller Companies Gold Fund - remember to take advice if you're unsure whether these are suitable for you.

Direct investment -  t1ps.com/The Share Centre

Buying shares in the SF t1ps Smaller Companies Gold Fund is easy and shares in the Fund are eligible to be held in an ISA, Self Invested Personal Pension, and for inclusion in a non-stakeholder Child Trust Fund account too.

Please read the Simplified Prospectus before making an investment. You can invest a lump sum or establish a monthly contribution by completing the application form and returning it as instructed on the form.

Ring our helpline 0207 562 3386, between 9.00am and 6.00pm on any business day, if you have any problems.