Overview

* 'Gross' interest is the contractual rate of interest payable before the deduction of income tax.
** 'AER' stands for the Annual Equivalent Rate, a notional rate which illustrates what the interest rate would be if paid and compounded on an annual basis.

ISA information

Making use of your ISA allowance

An ISA gives you the option to use your tax free savings allowance. The overall annual subscription limit is currently £7,200.

There are two types of ISA:

Stocks and Shares ISA

A Stocks and Shares ISA enables you to invest up to £7,200 each tax year

Cash ISA

A Cash ISA enables you to invest up to £3,600 each tax year.

The Newcastle Building Society is an approved ISA Manager, managing Cash ISAs. We can refer you to Newcastle Financial Services Ltd (NFSL) who can advise on a range of Stocks and Shares ISAs.

You do not have to hold both ISA elements. You can invest in both a Cash ISA and a Stocks and Shares ISA providing you do not exceed the maximum allowance of £7,200 for each tax year. You can not subscribe to more than one Cash ISA or more than one Stocks and Shares ISA in the same tax year.

You can transfer your current year subscriptions from a Cash ISA to a Stocks and Shares ISA. The subscriptions into the Cash ISA are then treated as if they were made to the Stocks and Shares ISA, allowing you to subscribe to a Cash ISA following the transfer.

This Cash ISA does not satisfy the minimum standards for a deposit-based stakeholder account.

Transfer your ISA

To take advantage of your previous years ISA subscriptions you can transfer your ISA(s) from other ISA providers to the Newcastle Building Society.

Transferring your ISA from your existing provider to us is easy. All you need to do is provide us with the following information:

• Signed Confirmation that you wish to transfer your ISA(s) from your existing provider(s).
• The name and address of your current ISA provider(s)
• Your ISA number(s)

When making an ISA transfer please complete a Customer Acceptance Transfer Form as well as a Customer Acceptance Form. This will give us the information we require and should also be used when transferring subscriptions from previous years and investing funds in the current tax year. You must transfer all of the money you put into your ISA in previous years. We will not accept partial ISA transfers.

Once we have received your request we will write to your existing provider(s) to request your funds. Should your existing provider(s) have any queries, or should you incur any charges for transferring, you will need to contact them directly to resolve these issues.

Your ISA will then be transferred to Newcastle Building Society. Your ISA MUST be transferred directly between your existing provider and the Newcastle. You cannot close your existing ISA yourself and then open an account with funds from previous tax years.

Which form should I use?

Customer Acceptance Form (PDF): You must complete this form for all ISA applications.

Customer Acceptance ISA Transfer Form (PDF): You must complete this form in addition to the Customer Acceptance Form when transferring any ISA subscriptions.

Apply

How do I apply?

Step 1:

Carefully read the generic terms and conditions and the key product information on the overview tab

Step 2:

Decide how much you would like to invest

Step 3:

Return your completed customer acceptance form to your local branch

The customer acceptance form should be completed to confirm your personal details and agreement to this Account's terms & conditions. The Society subscribes to the Inland Revenue's Not in Writing scheme. As part of the scheme we are required to confirm your ISA declaration.

• Customer Acceptance Form
• ISA Transfer Form

Your application should be supplied along with the following documentation:

• A personal cheque for the initial investment made payable to - "Newcastle Building Society Re: Your Name, Account / Application Number if known" (e.g. Newcastle Building Society Re: Mr A Smith, 1234567)
• Proof of identity and residency (see customer acceptance form for further details)

Once your account has been opened, we will write to confirm your account number and the amount invested in the account. If you have any queries, please visit your local branch.