ISAs with Minerva

Minerva offer a range of ISAs. Click on the section that interests you below:

ISAs available from Minerva Fund Managers
What is an ISA?

ISAs available from Minerva Fund Managers:

We offer investors five different ISAs. These are:

Minerva UK ISA

This portfolio will invest in a selection of funds from the sectors which invest in the UK in particular, the UK Equity Income sector which has one of the best long term track records.

Minerva Growth ISA

This portfolio takes the best Minerva Rated funds from any UK Sector, and from the European Sector, the Far East and Japan Sector and the North America Sector. There will normally be four funds in this ISA Portfolio.

Minerva Green ISA

This portfolio will invest in a selection of funds taking Green and Ethical criteria into account.

Minerva Fixed Interest ISA

This portfolio will invest in a number of funds taken from the Corporate Bond sector.
All funds will be chosen using the Minerva Rating system. Changes will made:

1. When a collective investment fails to meet the standards of consistency required within that particular sector.
2. When a change of Fund Manager for a collective investment may, in the view of Minerva, adversely affect the prospect of continued, consistent performance.

Minerva Medium Risk ISA

This portfolio will be managed in the same manner as the Medium Risk Portfolio

Transferring your existing ISAs into a Minerva ISA could not be easier. Just complete a transfer letter for your existing ISA, send it to us, and we will do the rest. All your ISA money will be under one administration and management system.

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What Is An ISA?

Investment Savings Accounts (ISAs)

The term ISA is an abbreviation for Individual Savings Account. ISAs were introduced on 6th April 1999. They replaced the PEP (Personal Equity Plan) and the TESSA (Tax Exempt Special Savings Account) as the way to save tax free. The reason given by the government for introducing ISAs instead of PEPs and TESSAs was to encourage more people to save. The ISA is free from all Income tax and Capital Gains Tax. The government pledged that the ISA would be available for the next ten years, but it would review the tax credit in 2004. In that review the government decided to end the tax credit in ISAs and PEPs. This means that the tax paid on dividends received, is no longer reclaimable. This greatly reduces the advantages of ISAs to the basic tax payer when the income received in the ISA is from a dividend rather than from interest. An example of interest is that received from a corporate bond fund, where the ISA manager reclaims the 20% tax paid. However, over the long term no Capital Gains Tax will be beneficial.

Stocks & Shares or Cash ISAs

There are two types of ISA: A Stocks & Shares ISA and a Cash ISA. In Stocks & Share ISAs you have a maximum annual investment of £7200. In a Cash ISA the limit is £3600. You are allowed to put £3600 in a Cash ISA and then put up to £3600 into a Stocks & Shares ISA. (Thus going up to the £7200 limit). You are able to transfer your ISAs to other ISA accounts. (Warning, do not close an ISA and then look for a new account. Closure will invalidate your tax exemption. You must transfer from one ISA to another). You are also allowed to switch your Cash ISAs into Stocks & Share ISAs but not the other way round.

TESSA ISAs

These are a bit of a red herring and do not effect the limits above. Anyone that has a TESSA can role over the amount subscribed into a TESSA ISA within six months of the TESSA becoming mature.

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