ISAs

Question 1

what shares can be immediately transferred to ISA

Answer 1

SIP or SAYE in 90 days but not newly issued/windfall

Question 2

5 that can be held in ISAS

Answer 2

Aim (but not unquoted)
various listed on recognised exchange
uk listed IT including REITS
non-UCITS retail scheme provided can access in 2 weeks
sole life single premium life ass

Question 3

3 stakeholder products in ISAS

Answer 3

1. stakeholder deposit account;
2. stakeholder medium-term investment product (MTIP), which is a type of unit trust or similar investment
3. smoothed MTIP, similar to a with-profit life assurance policy

Question 4

stakeholder rules 5

Answer 4

limits on charges
limit on min investment
accessible
withdrawable
no spread/min IR

Question 5

Corporate ISA?

Answer 5

Some listed companies use external account managers to offer ISAs that may only invest in
that one company’s shares.

Question 6

Derivative-based ISAs

Answer 6

offer a stock market index-linked capital return at the end of
three to five years

and either a fixed income or a minimum maturity guarantee

Question 7

HTB ISA (4)

Answer 7

Closed
£200/£50 up to £3000
£450k/£250k
LISA and HTB or transfer but one bonus

Question 8

Innovative finance ISAs 1/4

Answer 8

peer-to-peer lending platforms to receive tax-free interest and capital gains

peer-to-peer loans
crowdfunded debt securities issued by companies
bonds issued by registered charities
cash.

Question 9

Lifetime ISAs (4)

Answer 9

18-40
£4k pa up to 50
25% bonus
25% withdrawal charge before 60

Question 10

Name three eligible investments for a stocks and shares ISA.

Answer 10

units or shares in a UK UCITS (unit trusts and OEICs);
units or shares in an FCA-recognised UCITS scheme
Gilts