Cash e-ISA

How Can I apply for an HSBC ISA?

• To apply for a Variable Rate ISA, call in at any branch ask a member of staff. Alternatively, to speak to an HSBC representative, simply call us on 0800 032 4729.† Textphone: 18001 0800 028 0126 or if you would prefer, you can arrange for us to call you back at a time at a more convenient call me
• If it is a fixed rate ISA you are applying for you could also download the application form Fixed Rate Cash ISA Application Form (PDF) and return it to the following address:- HSBC Bank plc, Manchester DSC, Regents Place, Regents Road, Salford, M5 4BT or return it to your local branch.
• If you want to open a Cash e-ISA, you will need to log on and apply via the Cash e-ISA page

What are the ISA subscription limits?

Because of their tax advantages ISAs are subject to annual subscription limits. For the tax year commencing 6 April 2011 the overall ISA subscription limit is £10,680, of which up to £5,340 can be subscribed to a cash ISA with one provider. The remainder of the £10,680 can be invested in a stocks and shares ISA with either the same or another provider. Alternatively, the full £10,680 can be invested in a stocks and shares ISA with one provider.

You cannot subscribe to more than one of each type of ISA per tax year.

The value of the tax benefits described depends on individual circumstances. The tax treatment of ISAs could change in the future.

The value of most investments and any income they generate can go down as well as up, meaning you may not get back the full amount you invested.

Can I transfer an existing ISA from another provider?

Yes and we have made it easy for you to transfer an existing cash ISA (held with another provider) to an HSBC cash ISA . Simply download and complete either the 'Variable Rate Cash ISA Transfer In Form (PDF)' , the Fixed Rate Cash ISA Transfer Form (PDF) or the 'Cash e-ISA Transfer In Form (PDF)' and return it to us at the following address:

HSBC Bank plc, Coventry District Service Centre, Harry Weston Road, Binley, Coventry CV3 2TQ

Alternatively, drop it in at your local HSBC branch. You can also visit the branch for help from a member of staff.

Can I make withdrawals from my ISA?

If you hold an HSBC Variable Rate Cash ISA then you have instant access to your funds and no charge will be made for any withdrawals however if you have fully subscribed to a Cash ISA limit in a tax year, any amount withdrawn cannot be reinvested until the following tax year.

If you hold an HSBC Fixed Rate Cash ISA, then your money is deposited for a fixed term of 12 months. You have the right to cancel your account within 30 days of opening it. After 30 days you can close your account and withdraw all your money but a £100 fee will apply. No partial withdrawals are allowed. After the initial 12 months you can close your account at any time without charge. If you fully subscribed to your Fixed Rate ISA and then closed the account within the first 12 months you can not reinvest this amount until the following tax year.

Anything else I should Know?

An ISA is a tax efficient way of saving or investing as all income and capital gains arising within an ISA are exempt from any personal liability to UK income tax and capital gains tax.

There are two types of ISA:

• stocks and shares
• cash

A payment by you into an ISA in any tax year is called a subscription. You can only subscribe to one of each type of ISA per tax year.

The value of the tax benefits described depends on individual circumstances. The tax treatment of ISAs could change in the future.