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 2008/2009.
Charities, Pensions, ISAs and non-taxpayers can reclaim 20% tax on dividends within the Rathbone Ethical Bond Fund.
RUTM ISA Monthly Savings Plan
The RUTM ISA is also available in a monthly savings plan.
£100 per month minimum monthly investment subject to the following investment limits for the current tax year:
£7,200 (£600 per month) is the maximum total investment for an ISA .
Changes for 2008/2009
From 6th April 2008 the government have changed the rules on ISAs aiming to make them simpler and more flexible which means your annual ISA investment allowance will rise to £7,200.
There will no longer be Mini and Maxi ISAs and ISA customers will continue to be able to invest in either a cash ISA or a stocks and shares ISA or both.
To enable you to take advantage of these changes and better understand how this will affect your investment in our Unit Trusts we've put together a guide that will discuss some commonly answered questions in more detail. Download the Q&A.
RUTM ISA applications received for 2008/09 in this tax year
As per the notes provided under ' Transfer Ins' , all ISA applications received for the new tax year will need to be completed on the new style ISA application forms. However, if there is a continuous (continuing regular savings) application in place a subscription, together with the client's instruction, will be sufficient.
Please select the document(s) you wish to download below for 2008/2009 tax year (to 5th April 2009):
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: