The HM Revenue & Customs (HMRC) has issued a new Bulletin regarding Kick-Out products
and has now confirmed that they qualify for the stocks and shares ISA.
We at Barclays Wealth welcome this news and appreciate the peace of mind it must provide
for intermediaries and clients alike.
Bulletin 21 clarifies the issue as follows:
| “In Bulletin 19 we expressed the view that certain 'kick-out' plans did not meet the requirements of ISA Regulation 7(6). We have received a number of representations from managers and their advisers so we have taken the chance to look at this issue again. We have now reconsidered and can confirm that kick-out plans where the trigger event is conditional on a financial index reaching a pre-determined point, are within Regulation 7(6) and are therefore qualifying investments for the stocks and shares ISA.” |
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Two of our key investments are scheduled to close in the coming days.
These include our current DRP Annual Kick-Out* - April edition - closing 9 June and
Growthbuilder - April edition - which offers a potential 39.6% return - closing 1 June.
Please note that applications will not be accepted after the advertised
closing date.
For full details on each of these investments, visit our website.
*This is a capital at risk investment.
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For further information:
Administration & Application Status Enquiries: 0800 234 6021
Literature Requests: 0800 234 6022 (Mon-Fri 9am-5.30pm)
Technical Enquiries: 0800 234 6023
Visit the website for more information
Email the team at Barclays Wealth
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This is for the information and use of Financial Advisers only. It is not approved as a financial promotion
by Barclays Wealth for distribution to any other persons.
These investments are for investors who can commit their money for the full term.
Early encashment might result in loss of capital. Please consult the Terms & Conditions
for full details.
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Barclays Wealth is the wealth management division of Barclays and operates through Barclays Bank PLC
and its subsidiaries. Barclays Bank PLC is registered in England and authorised and regulated by the
Financial Services Authority. Registered No. 1026167. Registered Office: 1 Churchill Place, London E14 5HP.
Woolwich Plan Managers Limited is authorised and regulated by the Financial Services Authority.
Woolwich Plan Managers is registered in England Reg Number 3230386. FSA number: 183887.
Registered Office: 1 Churchill Place, London E14 5HR. Correspondence address: PO Box 9283,
Brentwood, Essex CM14 9AQ.