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A temporary home for your money

The Cash Reserve … for ISAs & PEPs
The Cash Reserve maintains the special tax status of your ISAs and PEPs but funds must be destined for eventual investment in one or more of the Supermarket's funds. Any interest which may be payable is credited to your Cash Reserve every six months.

PEP interest is paid gross, unless more than £180 of interest in any tax year is withdrawn. At that point, tax must be paid on the entire interest amount at a rate of 20%. ISA interest is paid net of a 20% flat tax. Interest will only be credited to your account if it exceeds £10 in any accrual period.

IMPORTANT NOTE - This is a facility for your Equity ISA - it is not a Cash ISA.

Cash Unit Trust… for Unit Trusts
There is currently no specific cash facility for unit trusts and Oeics - but the Threadneedle UK Money Securities Fund is, in our opinion, the next best thing. The Fund aims to achieve a high level of security together with a competitive wholesale money market rate of return. The cost to switch into the fund is 0.25% and it will cost you a similar amount to move back into other funds. Do remember that switching funds will constitute a realisation for CGT purposes.

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