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NDF new issue aims for extended Isa allowance

NDF Administration is laun ching a fifth version of its extra-income and growth plan which aims to take advantage of the recently extended Isa allowance.
The plan allows investors using the Isa option to use both their 2000/01 and 2001/ 02 Isa allowances. Investors can put £14,000 in to the Isa.
The plan pays a 10.5 per cent annual income for three years or 30.3 per cent tax-free growth for Isas and Pep transfers investing in the fixed-growth option. A quarterly income of 2.27 per cent is also available.
Minimum direct investment into the plan is £10,000 and maximum £1m. There are no initial or ongoing charges. Commission is 3 per cent.
The offer opens on Dec ember 6 and closes on Jan uary 31 2001. The assets of the plan are backed by Abbey National Treasury Services.
Capital is returned in full as long as the Dow Jones Eurostoxx does not fall by more than 15 per cent during the investment term.
Managing director Antony Stack says: “The plan will provide investors with a reliable stream of income. We anticipate strong demand, with IFAs supporting each of the four previous offers more heavily each time.”

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  1. When will this allowance be lonched

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