ISA

If you are saving for a particular reason or simply to provide a nest egg for your future, an ISA can help you make more from the money you save. 

Subscription limits for tax year 6 April 2011 to 5 April 2012
For anyone eligible to invest in an ISA, the overall annual subscription limit is £10,680.

Subject to this overall limit, you can subscribe to each type of ISA up to the limits laid out below:-

• cash ISA £5,340
• stocks and shares ISA £10,680
  
  

Risk Factors Relating to Northern Bank Cash ISA
The rate of interest is variable and is subject to change in the future.  Tax rules and tax levels may change in the future including the favourable treatment of ISAs. 

Key Features of Northern Bank Cash ISA

• It helps you to maximise your tax efficient savings through cash deposits
• Any interest you earn is free from tax and you do not have to declare your ISA on your tax return
• Tiered interest rates enable you to earn more as you save more with a preferential interest rate offered on new subscriptions added to the ISA during the current tax year.  (Interest Rates)
• Instant access to your account - just telephone your branch, call at your branch or use our eBanking service
• You can save by way of a lump sum and/or regular savings
• You can make withdrawals in whole or in part at anytime
• You must be 16 or over to save in a cash ISA

Switching your cash ISA to Northern Bank

• You can transfer money you have already saved in a cash ISA with another ISA Manager to a Northern Bank Cash ISA
• Any current year's subscriptions saved in another cash ISA and transferred to Northern Bank are eligible for the preferential interest rate
• If you already hold a Northern Bank Cash ISA and you request to transfer in current year's subscriptions, you will need to open a new ISA account to receive the transfer
• No maximum limits on the amount that can be transferred from another cash ISA with another provider
• We follow the industry Transferring your Cash ISA guidelines

Risk Factors Relating to Northern Bank Stocks and Shares ISA

Any stock market investment involves risk.  The value of your investment and any income you take from it can go down as well as up.  It is possible that the value may fall below your original investment and you may get back less than you originally invested.  You should also be aware that past performance is not necessarily a guide to future performance and if you cash in your investment, its value may be less than you have originally invested.  Before you decide to invest, it is important to understand these risks.  Tax rules and tax levels may change in the future including the favourable treatment of ISAs.

Key Features of Northern Bank Stocks and Shares ISA

• All proceeds from your Northern Bank Stocks and Shares ISA are currently free from UK income tax and capital gains tax
• You do not have to declare your ISA on your tax return
• You can invest by way of a lump sum and/or by making regular monthly payments of at least £50
• You must be 18 or over to invest in a stocks and shares ISA
• You will have access to the CF Danske Fund range in a tax efficient manner.
  
  

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