AIM through an ISA
Here’s a first. When the government changed the ISA rules in August 2013, allowing AIM shares to be held in an ISA, Octopus led the way by launching the Octopus AIM Inheritance Tax ISA.
By combining freedom from income and capital gains tax with relief from inheritance tax, the Octopus AIM Inheritance Tax ISA means we can now share our love of smaller companies with everyone.
What’s more, by making investment in small companies easier, we are all doing our bit to boost the performance of UK businesses and help with the country’s economic recovery.
Reduced initial charge from 1 July to 31 August
To celebrate the new £15,000 annual ISA allowance we’ve reduced our initial charge for all applications received between 1 July and 31 August. Applications received through an adviser will pay no initial charge (rather than the usual 2.5%).
Direct or execution-only applications will pay a reduced initial charge of 2.5% (rather than the usual 5%).
How does it work?
We invest in a portfolio of carefully chosen companies listed on the Alternative Investment Market. At the core of each portfolio are mature companies that are profitable and pay regular dividends.
Importantly, these companies must qualify for Business Property Relief (BPR). This relief means that as long as an investor holds the shares for at least two years, and at the time of their death, the investments should be exempt from inheritance tax (currently set as 40% of anything above the £325,000 nil rate band threshold).
For more information, or if you’d like to speak to one of the fund managers who’d be investing your money, please call us on 0800 316 2298 or contact us online.
Alternatively, you can talk to your financial adviser.
We take your financial welfare seriously. That’s why we think it’s important for you to know that the value of an investment in this product can fall as well as rise and you might not get back as much money as you put in.
Also, the availability and extent of tax benefits depends on your personal circumstances, and is subject to change.
We would recommend that you talk to a financial adviser before making any decision about your money.