PEPs and ISAs

PEPs (Now Reclassified as ISAs)

The PEP regime came to an end on 5th April 1999 but 'live on as ISAs' and those taken out before the closing date continue to be managed in the same way. Investors can carry on reaping the tax benefits and the good news is that they can now look forward to opening an ISA (Individual Savings Account) which offers very similar tax advantages. ISAs held with a Stockbroker give maximum flexibility regarding the content and management of your fund. You can choose to take advice from a stockbroker, or make your own investment decisions.

ISAs

Midas ISAs are very simple.

   •  ISA: The total amount of your subscription up to £7,200 is available for investment each
      year in the Stocks & Shares component. Alternatively you can hold up to £3,600 in the Cash
      component.

There are no restrictions on holding cash temporarily in a Stocks & Shares component, but tax will be deducted on any interest, at a flat rate of 20 per cent. Given the flexibility of keeping cash available for investment, rather than freezing it in a cash component, many clients will find this an attractive option.

Full Commission Rates

For detailed charges please download our charges guide


If transferring Nominee Holdings and/or ISAs to Midas then please download:
Nominee, Deposits and ISA Transfer Request Form

If opening a new ISA, please download:
Stocks and Shares ISA Application Form

Once you have completed the above form to suit your requirements, please return it to the address below. We will then write to inform you of your account number. At this point, you are set up and ready to deal.

Account Application,
Midas Investment Management Ltd,
2nd Floor, Arthur House,
Chorlton Street, Manchester,
M1 3FH.
Tel: +44 (0)161 228 1709
Fax: +44 (0)161 228 2510
email: info@midasim.co.uk