Individual Savings Account (ISAs)
What is an Individual Savings Account (ISA)?
An ISA is a 'wrapper' in which you can put different types of investments (components) without having to pay tax on the investment growth or interest produced in the case of the Rathbone Ethical Bond Fund. You can hold up to three components within an ISA: stocks and shares (including unit trusts), cash and life insurance.
What is a RUTM ISA?
When you invest in a RUTM ISA, your money will buy units in one or more of our unit trusts. The monies are then invested in accordance with the fund's investment objectives.
The aim of our ISA (Individual Savings Account) is to generate income and/or capital growth within a tax-efficient environment.
RUTM does not offer a cash or life insurance ISA. To find out information about what types of ISA are available please see Additional ISA Information for 2010/2011.
Charities, Pensions, ISAs and non-taxpayers can reclaim 20% tax on interest distributions within the Rathbone Ethical Bond Fund.
RUTM ISA Monthly Savings Plan
The RUTM ISA is also available in a monthly savings plan with a minimum investment of £100 per month subject to the following investment limits (depending on the tax year):
2009/2010 tax year: £7,200 (£600 per month) is the maximum total investment for an ISA (under 50’s), £10,200 (£850 per month) for the over 50’s. In the 2010/2011 tax year (from 5 April 2010), the limits are £10,200 (£850 per month) for all eligible investors.
Changes implemented in April 2008
From 6th April 2008 the Government changed the rules on ISAs aiming to make them simpler and more flexible. Mini and Maxi ISAs and ISA no longer existed but customers continued to be able to invest in either a cash ISA or a stocks and shares ISA or both. To better understand how this affected your investment in our Unit Trusts we put together a guide to discuss some commonly asked questions in more detail. Download the Q&A.
Document(s) to download for 2010/2011 tax year (to 5th April 2011):
The following documents should be read in conjunction with the Application Form and Simplified Prospectus:
"Investors in our funds will be treated as 'retail clients' for the purpose of dealing in units either when buying units from us or selling them back to us. You will enjoy all the protections provided to retail clients by the regulations."
RUTM has an ISA wrapper for each of the following unit trusts: