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Stock and shares ISA & Cash ISA

We offer a comprehensive range of tax wrappers to meet your clients needs – for now and in the future. You can apply for the accounts below through the Advance by Embark Platform.

  • The tax-efficiency of an ISA makes it an excellent way for your clients to save towards their financial goals.
  • Arranging for ISA charges to come from your client’s Investment Account or Cash Account (for one-off Adviser Remuneration only) is a great way to add value to your clients as it can make a difference to their potential investment growth.
  • Your client can give you one cheque for the maximum ISA allowance plus any adviser remuneration.
  • Phasing a lump sum investment over a number of months is a well-established way to spread investment risk for your client.

All ISAs on the Advance by Embark Platform are flexible ISAs. Your clients can deposit up to the £20,000 ISA limit (2020/21 tax year), as well as replace any withdrawals taken from the ISA in the tax year.

What does this mean for your clients?

The Advance flexible ISA will allow your clients to replace withdrawals taken out of their ISA, without the replacement contributions counting towards their ISA subscription; giving them peace of mind that they can manage their money in a way that suits them. In addition, adviser remuneration which is treated as a client withdrawal can be replaced in their ISA to maximise their benefit from the ISA wrapper.

Eligibility

This account is only available within a Advance Portfolio. Your client is eligible for this account if they:

  • are aged 18 years or over
  • are a resident in the UK and have been for at least the last 6 months (for tax purposes)
  • have not have paid into another ISA of the same type in the current tax year

Charging

The Advance Portfolio charge is a percentage charge based on the value of the assets under administration in the client’s Advance Portfolio. Cash held in the Stocks and Shares ISA and any assets detailed under the notepad do not attract the charge or contribute to its calculation.

For more information on our charges, take a look at our ‘Easy to understand charges – at a glance’.

The risks

As with all investments, there is some risk involved:

  • The value of the account may go down and your client may have less to provide a retirement income.
  • The level of risk and potential performance depends on the assets invested in.
  • If you are transferring from a Cash ISA, your client should be aware of the increased risks associated with Stocks and Shares ISAs.
  • Changes to tax law may affect the tax benefits of the account.
  • Charges may increase in the future.

Over time, inflation will reduce buying power of money.

Keep your clients’ account in check and up to date.

Taking money out of an account

You can arrange regular withdrawals monthly, quarterly, half-yearly or yearly. You can take one-off withdrawals from available cash in your clients account at any time.

Transferring from the account

You can transfer your client’s Stocks and Shares ISA at any time to another Cash ISA or Stocks and Shares ISA Manager either as cash transfer or re-registering the assets.

If your client wishes to re-register the assets, you must register:

  • all the payments your client has made in the current tax year, or
  • some or all the value of the account from payments made in a previous year.

Closing an account

If you, or your client, change your mind regarding the Advance Stocks and Shares ISA, the account will be cancelled within 30 days of the customer receiving a cancellation notice. You can contact us by post at Advance Portfolio Team, PO Box 1200, Cheltenham, GL50 9UP or by email at portfolioteam@embarkadvance.co.uk

If your client passes away, we will move the assets into the investment account. A spouse can elect to have the assets reregistered into their ISA under Additional Permitted Subscription (APS) rules.

We can accept APS cash payments where the deceased ISA was held with a different provider.

Your clients have access to a range of investment options, including:

  • mutual funds;
  • model portfolios;
  • investment advisers (DFMs);
  • cash; and
  • through our Horizon funds

Read our investment options

For supporting documents please view our document library.

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Stock and shares ISA & Cash ISA

Allows your clients to replace withdrawals taken out of their ISA, without the replacement contributions counting towards their ISA subscription.

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Retirement account

Clients benefit from tax relief on their payments, benefits to their beneficiaries if they die and a choice about how and when they can take retirement benefits.

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Investment account

Access to a wide range of assets, giving savings the potential for capital growth and income, as well as providing a flexible means of investing and accessing money.

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Junior stocks and shares ISA

Tax efficient gifting between generations on the Junior stocks and shares ISA.

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Junior retirement account

Tax relief on contributions to the Junior Retirement Account.

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Cash Account

The Advance Cash Account is opened automatically when an Advance Portfolio is opened.

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TAX WRAPPERS

Choose from a comprehensive range to meet your clients’ needs.
 

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PROTECTING YOUR CLIENTS’ PORTFOLIO

The addition of Accidental Death Cover, provided by Zurich Assurance Limited, could help give your clients added peace of mind.

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TRUSTS

As the UK demographic changes, a greater proportion of private wealth is held by those clients approaching or at retirement.

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PLATFORM UPDATES

From launching new products to making changes to support you through the most recent regulatory change.

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OUR PLATFORM TOOLS

Access to a range of independent tools from EValue and Financial Express.
 

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