Pennine Retirement Account (PRA)

The PRA is a self-invested personal pension plan, with no wrapper charges. The portfolios available under this plan are the PWS Market portfolios (passive) and the Positive Pennine portfolios (active sustainable investing).

Individual Savings Account (ISA)

Clients investing in selected portfolios through the ISA, allows them to benefit from the advantages associated with this type of tax wrapper. Clients can set up a new Service ISA utilising their annual ISA allowance. Clients can also transfer money in from ISAs held with other providers without losing the tax benefits from each individual tax year.

General Investment Account (GIA)

The GIA is a taxable investment account through which clients can invest in the underlying portfolios of the Pennine Wealth Solutions Service. There are no restrictions as to how much can be invested. Unlike ISAs, there are no tax benefits associated with this type of investment account, and gains will be subject to Capital Gains Tax (CGT). Clients may invest in both a GIA and an ISA in the same tax year.

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