Natwest Investment ISA
National Westminster Bank, commonly known as NatWest, is a large retail and commercial bank in the United Kingdom. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank.
Natwest do not currently offer any Investment ISAs but do offer a range of other options for investing and savings, including a number of Cash ISAs.
Choosing an investment ISA
If you’d like to put some money away each month or invest some spare cash then an Investment ISA could be a tax-efficient way for you to do so. You can invest anything up to the tax threshold for that year and spread the money across a Cash, Stocks and Shares and Innovative Finance ISA or consolidated with one account.
You can only fund one stocks and shares ISA per tax year but as all providers must allow you to move your money you will be able to transfer. It’s worth checking, however, if your current provider charges penalties. Otherwise you could receive back less than you originally invested.
Generally, Investment ISAs have the potential to provide better returns than a savings account but customers must be prepared for the risk element that is involved as your money could lose value depending on how the market performs
About Investment ISAs
This kind of account provides you with a platform to invest from. An investment ISA can hold money in order to invest in qualifying sources, such as government bonds, corporate bonds as well as shares and stocks.
They are generally available as either self-select ISAs that allow you to invest directly into stocks and shares or as collective investment schemes. Investment ISAs are referred to as ‘tax-efficient’ wrappers, as there is no capital gains or income tax paid on on investments held within the wrapper.
Transferring in to an Investment ISA
Transferring is relatively simple. You can transfer a previous Investment ISA in to a new one or move an Investment ISA in to a Cash one or vice versa. Your new provider will give you a form to fill in, ask for details of any Investment assets and will then take care of it for you. However, it can take around 30 days.