Changes to Zurich ISA's Terms and Conditions
We’ve made some changes to the Zurich Stocks and Shares ISA Terms and Conditions. In summary these are because of:
- changes to wording in our Terms and Conditions to make them clearer in certain areas,
- a reduction in the tiered charging structure of your Zurich Portfolio, together with a change to how cash held within a Zurich Stocks and Shares ISA is treated when applying the Zurich Portfolio charge,
- changes to the ISA Regulations.
If you have any questions about these changes, please contact your financial adviser or the Zurich Portfolio Team on:
0845 607 2013
Monday to Friday 8am until 6.30pm, Saturdays from 9.30am to 12.30pm, except on public holidays.
Summary of changes
Here’s a summary of the changes made however, please read the new Terms and Conditions as all the changes aren’t covered in the summary as it is only a brief guide.
|Why we have made the change||Clause(s) affected|
- how we treat cash holdings in your Zurich Portfolio and the purpose for which they are held, including where they are committed to another transaction.
|Removed reference that a Stocks & Shares ISA cannot be transferred to a Cash ISA following a change to the ISA regulations.||17)|
|Details of the reduced Zurich Portfolio tiered charging structure and the change to how cash held in your Zurich Portfolio is treated when calculating the Zurich Portfolio charge.||14.1.1)|
|Removed reference to deducting tax on interest earned on cash held within a Stocks & Shares ISA following a change to the ISA regulations.||6) removed|
|Removed reference that cash can only be held in a Stocks & Shares ISA for the purpose of investment in qualifying assets following a change to the ISA regulations.||6) removed|