ShareNetwork ISA

ShareNetwork lets you decide which shares to hold in your ISA and enjoy the tax advantages:

invest up to £7,200 in a Stocks and Shares ISA
you do not have to include dividends from shares held in an ISA in your tax return
higher rate tax payers are not liable for the extra income tax they usually have to pay on dividends

You can open a ShareNetwork ISA, once you have signed up for a standard share dealing account. There is no extra charge for the ISA wrapper - it is all covered by the £5 monthly account fee. The trading fee is just £9 a deal.

A ShareNetwork ISA may suit investors who have ISAs from previous years and want to complement these with shares. Once your ISA is opened, simply choose from any London-listed shares that are ISA eligible, paying for them from the cash held in your ShareNetwork ISA.

The value of tax savings will depend on your individual circumstances and all tax rules may change in the future.

Three simple steps to a ShareNetwork ISA

Open a ShareNetwork account or login to your account.
Click on the "Open an ISA account" link on any ShareNetwork page and register. We will send you the relevant forms to sign and return.
Once you have received confirmation that your ISA has been set up, choose your new shares, or tell us if you want to transfer shares from an existing ISA.

Call 0800 41 41 61 for more information.

Competitive share-dealing in an ISA

	Trading fee	Other charges	Total annual fees³
ShareNetwork	£9	£5 a month	£114
Halifax	£11.95	0.05% a month for ISA investors (min £2.16, max £8.33)	£161.70
Barclays	£12¹	0.25% half-yearly ISA charge (min £10, max £60)	£120
The Share Centre	1% (min £7.50)²	0.125% a quarter ISA charge (min £5)	£200²

_{All charges accurate as at March 2008}

¹ £7.50 a deal if 6 to 10 deals a month and £6.50 a deal if more than 10 deals a month

² Trader option: £7.50 per deal + £20 per quarter charge + 0.125% a quarter ISA charge (min £5)

³ Total annual fee based on the following assumption: Client has both share-dealing and ISA accounts, with a £15,000 ISA and trades six times a year