ISAs

What is the Norwich Union 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 Norwich Union 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 Norwich Cash Fund, which is one of the funds available in the Norwich Union Investment Funds ICVC (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 2008/09 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 back less than the value of your original investment.
• Read our Key Features Brochure

Features & flexibility

With a Norwich Union Cash Fund ISA you can:

• Invest single and monthly payments, from as little as £50 a month or £500 lump sum
• Make withdrawals when you wish, but by doing this it may affect what you get back when you cash in your investment
• Change the amounts of your monthly payments
• Stop paying into your Cash ISA account at any time, subject to leaving at least £500 in value to keep it open
• Cash in your savings at any time, although it should be regarded as a medium to long-term investment
• Read our Key Features Brochure

Is it for me?

The Norwich Union Cash Fund ISA is suitable if you are looking for a fund with a low risk of losing any of your original capital. However, the low risk of the value of the fund could go down as well as up means that the prospects for high capital growth or income are limited.

To be eligible to invest in our Cash Fund ISA, you need to be aged 18 or over and resident in the UK. Read our Key Features Brochure

How do I get a Norwich Union Cash Fund ISA?

• Apply for a Cash Fund ISA.
• Other types of ISA from Norwich Union

See how much you can afford to invest with our online Budget planning calculator.

WC02061