'Move to ISA' Option - the benefits

Nobody wants to pay more tax than they have to and the annual ISA allowance is a valuable opportunity to keep more of your money away from the taxman. However, if you don’t use the allowance within the tax year the benefit is lost to you.

• Never forget. This automatic facility takes away the risk that you overlook moving shares into a tax-efficient wrapper
• Fully transferable. You can transfer your full annual ISA allowance into a Stocks & Shares ISA at the start of each tax year
• It’s so easy. It’s simple and once set up requires no further effort from you unless you want to cancel it

A word about Tax

Please note that any gain made when you switch/sell shares in an OEIC is potentially subject to Capital Gains Tax (CGT) at 18% or 28% depending on your individual circumstances. However, each tax year you have an annual exemption, and total gains from all sources up to this limit is tax-free. In 2011/12 the exemption is £10,600. This information is based on current legislation. The tax benefits of ISAs depend on your individual circumstances and may be subject to change in the future. 

What to do next

To find out more about investing with NFU Mutual, contact your local NFU Mutual branch to arrange an appointment with a Financial Consultant.

If you want to obtain a free copy of the simplified or full prospectuses (in English) or the annual and half-yearly reports of the NFU Mutual OEICs at any time:

Call us on 0870 606 6462 during normal working hours Monday – Friday. We may record telephone calls for training and monitoring, or for security purposes. Or, write to us at: N.F.U. Mutual Unit Managers Limited, BNY Mellon House, Ingrave House, Brentwood, Essex, CM15 8TG.