The Financial Services Authority is the independent financial services regulator. It requires us, Newcastle Building Society, to give you this important information to help you to decide whether this Account is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference.

It is always best to discuss your investment options with a professional. We can arrange an appointment with a Personal Financial Manager from our subsidiary company, Newcastle Financial Services Limited (NFSL).

If you would like a no obligation appointment, please visit your local branch or call us on 0845 606 5522.

Your Account can be cancelled within 14 calendar days of opening without penalty.

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 £7200 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.

Newcastle Building Society is the biggest Building Society in the North East. With assets under management of £4.8bn we are large enough to provide a full range of products and services, but small enough to care about the needs of our members. The Newcastle is committed to remaining mutual and by doing so we feel we are better placed to continue to provide our members with the quality of service expected from one of the country’s strongest Building Societies.

The Newcastle for all your financial needs…
We can also assist you with any of your financial needs, feel free to take advantage of our extensive range products and services including:

• Advice on the best way to manage your investments and loans.
• Fully qualified financial planning advice.
• Attractive rates on mortgages and loans.
• A wide range of insurance products to protect against the unexpected.