The value of the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.
An ISA shelters your clients investments from personal income tax and capital gains tax.
Please note that any losses made in an ISA cannot be used to offset gains elsewhere. Your client can subscribe to an ISA if they are:
The M&G ISA is a stocks and shares ISA only. The entire range of M&G OEICs is available in the M&G ISA. Due to our focus on long-term investing, the M&G ISA is not a Flexible ISA, Innovative Finance ISA or a Lifetime ISA.
For 6 April 2022 to 5 April 2023 tax year the maximum your clients can invest in their ISA is £20,000.
The tax rules for ISAs may change in the future, and their tax advantages depend on your individual circumstances.
The following share classes are currently available for investment in the majority of our funds within The M&G ISA. This allows your client to choose the share class that best suits their investment needs.
Most funds offer the choice of two share types - income or accumulation.
Income shares entitle the holder to be paid the income attributed to those shares on the payment date. This is usually paid twice a year but can be paid annually, quarterly or monthly depending on the fund.
Accumulation shares don’t pay income. Instead, they automatically reinvest any income accruing to the fund and this is reflected in the share price. If a fund only offers Income shares, any net income can be reinvested to buy more shares.
If holders currently reinvest their income to purchase further shares of the same fund, they can continue to do so.
The table below shows the minimum investment limits within The M&G ISA. The maximum your client can invest between 6 April 2022 and 5 April 2023 is £20,000. Please note that at present, M&G offers the stocks and shares ISA only.
|Investing minimums (per fund)
|By monthly Direct Debit
||By lump sum investments
|Initial amount of £10
||Initial amount of £500
|Top-up amount of £10
||Top-up amount of £100