The ISA countdown begins as tax-year end draws closer

Time is running out for those wishing to make the most of their ISA allowance with less than 40 days to go before tax-year end. Luckily for investors, heavy competition in the retail investment sector has resulted in a real downward trend in ISA charges this year, led by TD Waterhouse’s introduction of zero fees on ISAs and PEPs for both new and existing customers.

With this pricing change, any Trading ISA or PEP account held with TD Waterhouse that has a valuation of £3,600 or more is not charged an annual administration fee (ISAs valued up to £3,599.99 will pay a fee of £30 plus VAT).

Angus Rigby, Chief Executive Officer of TD Waterhouse UK, said: “To get the most from regular smaller investments the charges to manage and trade within an ISA must be competitive, and investors looking to manage their own ISA may well find the best deals from an online broker, such as TD Waterhouse, where the charges tend to be lower.

“A TD Waterhouse ISA can be used to shelter shares or a combination of funds including a wide range of UK Equities, Gilts, Bonds, Investment Trusts, Unit Trusts, iShares and Exchange Traded Funds. By holding a wide range of these investments under one wrapper, investors are able to pool their assets, reducing dealing costs while also spreading their risk more evenly.”

Other benefits available from a TD Waterhouse ISA include:

Direct access to international equities from 16 international markets;
A wide range of funds with initial sales charges (ISCs) starting from as low as 0%;
Online trading fees start from £9.95 (no TD Waterhouse dealing commission is payable on purchases of Unit Trusts);
Customers will receive a single detailed statement and benefit from zero charges, simplifying their portfolio management.

Customers looking for more information about online trading or longer-term investment opportunities should log onto tdwaterhouse.co.uk.