What is the Cash Fund ISA?
It s a type of cash ISA, so it s a tax-efficient and low-risk way to invest your money, because the investment is held in cash-based assets. With a traditional cash ISA, you invest in deposits or interest-bearing accounts. However, the Cash Fund ISA is different because it allows you to invest in cash funds, which are of a low risk/return nature. • You won t pay any UK income tax or capital gains tax on any increase in the value of your savings or on any withdrawals. • Your investment goes into the Cash Fund, which is one of the funds available in the Investment Funds ICVC (Aviva Investors Investment Company with Variable Capital) collective investment scheme. • You can invest up to a maximum of £3,600 in your Cash Fund ISA, which is the allowance for 2009/2010 tax year. Tax rules may change in the future. • A Cash Fund ISA is best regarded as a medium to long-term investment. Bear in mind that the value of the investment can go down as well as up and is not guaranteed. You may get bac
