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Thesis launches Isas

Private client investment manager Thesis Asset Management has launched self-selecting mini and maxi Isas.

The Isas give investors the choice of investing in any unit trust, corporate bonds or direct equities.

There is a minimum investment requirement of £1,000 for both the mini and the maxi products.

Thesis charges an initial fee of £75, although this is waived if a Thesis unit trust is selected. There is also an annual administration fee of 1 per cent.

The investment managers are also planning to launch a Tessa-only Isa for Tessa maturities from 2000 onwards.


Least painful extraction

From the tax year 1999/2000, dividends will carry a tax credit of only 10 per cent of the grossed-up equivalent dividend. Non-taxpayers will not be able to reclaim this credit while higher-rate taxpayers will pay a special rate of 32.5 per cent on the grossed-up equivalent dividend, receiving a credit for the actual tax credit.The […]

Cheltenham & Gloucester extends Isa guarantee

Cheltenham & Gloucester has extended the interest rate guarantee on its cash and Tessa Isas.The lender is guaranteeing that rates on the Isa will match the Bank of England base rate, which is currently 5.5 per cent, until January 1, 2000.The cash Isa has a minimum investment of £1,000 and offers instant access to capital, […]


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