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.

Any questions?

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
Clarification of:
- 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