A Regular Premium Investment ISA could be a great way to save for something special. Start saving from as little as £30 a month and watch your tax-free savings grow. This Investment ISA is a convenient and flexible way to save or invest tax-free – with the potential to out-perform cash ISA returns over the longer term, whilst smoothing out the short term ups-and-downs often associated with stocks & shares ISAs. There is no specific term for this ISA, but to take full advantage we suggest saving for the medium to long-term.

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Simply put, Indivdual Savings Accounts (ISAs) are investments with tax advantages, which means that the money you put in will grow tax-free. The current maximum allowance for ISAs is £20,000 for the current tax year (which runs from 6 April to 5 April). Four types of ISA are available - stocks and shares ISA, cash ISA, innovative finance ISA and lifetime ISA.

This is a stocks & shares ISA, in the form of a with-profits insurance policy, which is designed for medium to long-term investment. We refer to this ISA as an Investment ISA because of the way it's investment comprises - which includes property and bonds as well as the stock market. The fund is managed to provide a low-medium risk investment.

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Anyone over the age of 18 who is a UK resident can open a plan. Please be aware, you cannot pay into a stocks & shares ISA with more than one provider in a single tax year.

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t's always a good idea to put a little away each month; A Regular Premium Investment ISA could be the perfect way to save (tax-free) for that special thing you've been thinking about, whether that's your retirement, a house deposit or a once in a lifetime holiday. The plan is also flexible in that you can increase or decrease the amounts you pay in (after the first year).

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The current interim bonus rate for 2023/24 is 5.25% (before a management charge of 1.25%).