Compare the key features and past performance for each of the funds offered
Listen about how to invest a lump sum in association with the financial times
The SIF Plan and SIF ISA are Accounts in the investors name in which you can hold investment Funds from HSBC and from other selected investment companies.
An ISA, or Individual Savings Account, is a tax efficient way of investing in stocks and shares, and/or cash.
An ISA, or Individual Savings Account allows you to invest up to £10,200 a year without having to pay tax on the interest, income or growth you earn. There are two types of ISAs, Cash ISAs and stocks and shares ISAs.
You can invest up to £10,200 in an ISA in any one tax year, with no more than £5,100 in a Cash ISA and the remaining amount up to a maximum of £10,200 in a stocks and shares ISA. This means if you do not place any money in a Cash ISA, you could invest your full ISA annual allowance of £10,200 in a stocks and shares ISA.
The tax year runs from 6 April to 5 April the following year.
You can invest in one cash ISA and one Stocks and Shares ISA each Tax Year.
Because of their tax advantages ISAs are subject to annual subscription limits. The overall ISA subscription limit is currently £10,200 per Tax Year. Up to £5,100 of this overall limit can be saved in a cash ISA with one provider. The remainder of the £10,200 can be invested in a stocks and shares ISA with either the same or another provider. Alternatively the full £10,200 can be invested in a stocks and shares ISA with one provider.
You can invest from a first direct 1st Account. We will arrange for your account to be debited.
The minimum lump sum investment is £1,000 for each fund.
Yes, with each of our funds you can invest from as little as £50 per month.
You will need details of your first direct 1st Account. If you are applying for a Selected Investment Funds ISA you will also need your National Insurance number.
You will pay an initial charge of 1% of your investment. The fund managers also charge an annual fee. Full details of the charges can be found in the Selected Investment Funds Fund Insert, Key Features Document, Product Information, Effect of Charges Insert and Selected Investment Funds Terms and Conditions. We recommend you read these before you apply.
You will be sent a letter by HSBC Trust Company (UK) Limited to confirm that your application has been accepted. You will also receive a statement every six months in April and October.
These are the funds offered through first direct. However, if you have not found what you are looking for, then further funds are available through HSBC Bank plc.
You cannot subscribe to more than one cash ISA and one Stocks and Shares ISA in the same Tax Year.
You must be 18 years of age or over and must be an existing first direct customer to purchase an investment from our Selected Investments Fund range.
Yes. We accept transfers of existing stocks and shares ISAs and cash ISAs. You can transfer your existing ISAs to us by completing the Selected Investment Fund stocks and shares ISA Transfer Form.
Please note that your existing ISAs will be sold and the cash proceeds used to invest in the Selected Investment Funds stocks and shares ISA. Stocks and shares ISAs cannot be transferred to cash ISAs.
Before applying to transfer your ISA, we strongly recommend you read our Selected Investment Funds Fund Insert, Key Features Document, Product Information, Effect of Charges Insert and Selected Investment Funds Terms and Conditions. Please print and save a copy for your records.
You can transfer some or all of the money you have subscribed in previous Tax Years without affecting your annual ISA subscription limit.
You are also able to transfer money subscribed in the current Tax Year. Such transfers must be the whole amount subscribed in that Tax Year in your cash ISA up to the day of the transfer.
Yes, provided you don't exceed your overall annual ISA allowance.
When you transfer the whole of your current Tax Year's cash ISA subscription to a Stocks and Shares ISA, it is as if that cash ISA subscription had never existed. Any money you subscribed in the current Tax Year up to the date of the transfer will be treated as if you had invested that money directly into the Stocks and Shares ISA. Please remember the amount you can subscribe to your Selected Investments Fund ISA in any Tax Year will be reduced by any subscription you make into a cash ISA in the same Tax Year.
Exactly the same way as you would transfer your ISA to another ISA manager at the moment. You must not withdraw the money and invest it in your Stocks and Shares ISA yourself, as it will count against your annual ISA investment allowance.
No, monies saved in a cash ISA can be transferred into a Stocks and Shares ISA, but not vice versa.
Yes. You should not withdraw the money/investments and invest in a cash ISA or Stocks and Shares ISA yourself as it will count towards your annual ISA allowance.
Our downloads are in a PDF format. To read them you'll need to have Adobe Reader 4.0™ or above, if you haven't it's free and you can get Adobe Reader here.
first direct is a division of HSBC Bank plc. © HSBC Bank plc 2008. All Rights Reserved. Member HSBC 
Group.
Because we want to make sure we're doing a good job, we may monitor or record our calls. We hope you don't mind.
