| Page Item | Value |
| Title | Financial Investments - Cash Maxi Individual Savings Accounts (ISAs) |
| Description | |
| Keywords | |
| Robots Meta Tag | |
| Page Content | HOME | ABOUT ME | BIOTECHNOLOGY | ARTICLES | TOOLS | GALLERY | CONTACT Search: Go DEVELOPER TOOLS ASP Doc Tool ASP.NET Doc Tool SQL Doc Tool Index Server Companion The Website Utility TECHNICAL ARTICLES ASP ASP.NET JavaScript Transact SQL PHOTO GALLERIES Canon EOS 300D Samples Red Arrows 2004 Living Coasts Web Page Backgrounds More Galleries... NEW STUFF SQL Color Coder Canon EOS 300D Samples The Website Utility Search Engine Optimisation Build an ASP Search Engine My Tropical Fishtank Savings Other New Stuff... POPULAR STUFF Regular Expressions ASP Documentation Tool Index Server ASP JavaScript Ad Rotator LINKS Business Website ASPAlliance Articles
Home Investing ISAs Cash Maxi Individual Savings Accounts (ISAs) Most investors use the full £7,000 annual investment limit of a Maxi ISA to invest solely in the Stocks and Shares element of the Maxi ISA. However, the cash element of a Maxi Individual Savings Accounts (ISA) can be used to save a maximum of £3,000 per financial year (from 1 April to the 31 March of the following year). So long as the money remains in the ISA, the interest on that money is not taxed. For anyone who pays tax in the United Kingdom, a Cash Maxi-ISA is a good place to place savings. Many Cash Maxi ISAs offer instant access to the money, and keeping the money in cash is usually a better short term investment than putting the money into stocks and shares. The disadvantage of a Cash Maxi ISA when compared to a normal bank or building society savings account is that there are limitations that make it unsuitable to keep paying money in and withdrawing it again; you cannot pay in more than £3,000 in one financial year, regardless of what the balance in the account is. Unlike Mini ISAs, the three elements of a Maxi ISA (Cash, Stocks and Shares, Life Insurance) must all be purchased through the same ISA provider. Things to look for when selecting a Cash Maxi ISA: Companies will often boost the interest rate by adding on bonus interest. Some Cash Maxi ISAs will only pay the highest rate of interest if larger amounts are invested. You can open a new Cash Maxi ISA each financial year, or keep paying into an existing Cash Maxi ISA. The important thing to remember is that you can only pay into a single Cash Maxi ISA in a particular financial year. If you are prepared to invest the money for a fixed term (such as one year) then interest rates are often higher. Cash Maxi ISAs offered by online/telephone banking operations often attract marginally higher rates of interest. It is possible to move Cash Maxi ISAs between institutions, however, some institutions may make a charge for this facility. This is worth bearing in mind as institutions often cut their interest rates during the year. Check that they also offer suitable Stocks and Shares and Life Insurance elements of a Maxi ISA if you want to invest in these as well. All information on this website is provided for information only and should not be used as a basis for financial planning. The information does not constitute regulated financial advice. Before investing you are advised to seek independent advice, such as by consulting an independent financial adviser. Site Map All content is © 1995 - 2006 Brett Burridge |
| Image Alt Tags | Brettb.Com Microsoft Certified Professional |
| Internal Links | http://www.brettb.com/Default.asp (3 links in this page) [ Robot View of this URL ] http://www.brettb.com/ASPDocumentationTool.asp (2 links in this page) [ Robot View of this URL ] http://www.brettb.com/Investments_ISAs.asp (2 links in this page) [ Robot View of this URL ] http://www.brettb.com/DeveloperTools.asp (2 links in this page) [ Robot View of this URL ] http://www.brettb.com/TheWebsiteUtility.asp (2 links in this page) [ Robot View of this URL ] http://www.brettb.com/SearchingIndexServerWithASP.asp [ Robot View of this URL ] http://www.brettb.com/technicalwriting.asp [ Robot View of this URL ] http://www.brettb.com/JavaScriptArticles.asp [ Robot View of this URL ] http://www.brettb.com/Website_Search_Engine_Optimisation.asp [ Robot View of this URL ] http://www.brettb.com/SearchResults.asp [ Robot View of this URL ] http://www.brettb.com/js_banner_ad_rotator.asp [ Robot View of this URL ] http://www.brettb.com/web.asp [ Robot View of this URL ] http://www.brettb.com/CanonEOS300D_Gallery1.asp [ Robot View of this URL ] http://www.brettb.com/BuildingAnASPSearchEngine.asp [ Robot View of this URL ] http://www.brettb.com/backgrounds.asp [ Robot View of this URL ] http://www.brettb.com/VBScriptRegularExpressions.asp [ Robot View of this URL ] http://www.brettb.com/toc.asp [ Robot View of this URL ] http://www.brettb.com/ASP.NETArticles.asp [ Robot View of this URL ] http://www.brettb.com/MyTropicalFishtank.asp [ Robot View of this URL ] http://www.brettb.com/TransactSQLColorCoder.asp [ Robot View of this URL ] http://www.brettb.com/AlternativeInvestments.asp [ Robot View of this URL ] http://www.brettb.com/CanonEOS300D_Gallery3.asp [ Robot View of this URL ] http://www.brettb.com/ASPWatchArticles.asp [ Robot View of this URL ] http://www.brettb.com/Red_Arrows_2004.asp [ Robot View of this URL ] http://www.brettb.com/Living_Coasts_Photos.asp [ Robot View of this URL ] http://www.brettb.com/SQL_Help.asp [ Robot View of this URL ] http://www.brettb.com/contact.asp [ Robot View of this URL ] http://www.brettb.com/Biotechnology.asp [ Robot View of this URL ] http://www.brettb.com/Gallery.asp [ Robot View of this URL ] http://www.brettb.com/ASPNetDocumentationTool.asp [ Robot View of this URL ] http://www.brettb.com/gallery.asp [ Robot View of this URL ] http://www.brettb.com/what's_new.asp [ Robot View of this URL ] http://www.brettb.com/IndexServerCompanion.asp [ Robot View of this URL ] |
Report generated by The Website Utility 2.8