The ISA is here to stay, a tax free savings wrapper within which you may invest in a wide range of stocks, shares and other securities worldwide. The only provisos are that the securities in which you invest must be fully listed and quoted on a HMRC recognised Stock Exchange. Securites listed on secondary markets (for instance AIM) are not permitted and loan stocks and gilts bought into an ISA wrapper must have at least five years to run to redemption when bought. The maximum annual ISA subscription limit is £10,200 for individuals. This may be invested in a Stocks & Shares ISA. Alternatively up to half of the annual allowance may be invested in a Cash ISA. We do not provide Cash ISAs. Transfers may be made from a cash ISA to a Stocks & Shares ISA but not vice versa. |
Reyker offers a self-select Stocks and Shares ISA service to which you can subscribe up to £10,200 in each fiscal year.
With Reyker you make the decisions. Our wrapper allows you complete freedom as to how your investments are managed. You decide when to buy and when to sell, what to buy and what to sell. You can deal through Reyker or you can deal through your own broker. You can even appoint your chosen broker to manage your investments for you. We have accounts with many broking firms and relationships with IFAs across the country.
The only restrictions we impose on the investor are those imposed under the ISA regulations - and they allow a very wide choice of investments.
First of all check out our Terms and Conditions, simply download and print our application form, complete it, sign it and send it directly to us together with your subscription cheque, payable to Reyker Securities plc.
Please note that there is no “cooling-off” period and that we do not need cleared funds in order to open an ISA for you. We can open your account and you can deal as soon as we have received your cheque.
Twice a year, at 5th April and 5th October, we will revalue your investments and then send you by post a Transaction Summary and Valuation.
If there are any Corporate Actions (i.e. takeover bids, rights issues, reorganisations etc) that affect any of your investments, then we will advise either you or your broker. We will not offer any advice as to what action you should take, but we will inform you of the options available to you under the terms of the Corporate Action and under the ISA Regulations.
Investment income received into an ISA wrapper may be withdrawn from your ISA wrapper without any adverse tax consequences. If you take your investment income, you should not declare it as income on your tax return. We will remit your income to you shortly after each fiscal quarter date.
We take care of the settlement for you and we hold your cash investments for you in our nominee company, Reyker Nominees Ltd. This is a requirement of the ISA Regulations.
If you have invested in one or more ISAs, perhaps with a number of providers, then you can consolidate them all by transferring them to Reyker. Simply download a transfer form, print it off, complete and send it to us.
