Threadneedle Investments will be offering a '3-in-1' Growth Solution Isa in the first quarter of nex...
Threadneedle Investments will be offering a '3-in-1' Growth Solution Isa in the first quarter of next year, in which £12,000 can be invested if required, writes Jane Wallace.
The Isa package will invest equally in the European Select Growth, American Select Growth and UK Growth funds, all of which are S&P Fund Research rated. For those investors who already have sufficient exposure to the UK, Japan Growth can be used as an alternative to the UK Growth fund. The group will also be re-offering its 3-in-1 Income Solution Isa. Both offers start on 11 January and continue until the end of the tax year.
Threadneedle will accept 'back-to-back' Isas, so that the £7,000 Isa allowance for 1999/2000 is invested immediately and the £5,000 allowance for 2000/2001 is also invested but transferred shortly after the tax year into the Isa.
Charges on both 3-in-1 products are a 3.75% initial fee and annual management fees of 1.25% for the income solution and 1.5% for the growth package. Commission for IFAs remains the same at 3% initial and 0.5% renewal.
The 3-in-1 Income Solution yields 6.1% gross and comprises three funds. They are High Yield Bond, which yields 8.75%, and Monthly Extra Income, which yields 4.2% and the Monthly Income which yields 2.8%.
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