Common use of Void ISAs Clause in Contracts

Void ISAs. 14.1 Where we have opened an ISA and discover that the Application Form was invalid and neither you nor we are able to resolve the reason for the invalidity, we will inform you that this has happened. We will close your ISA, sell the Units (in accordance with section 6 (Buying, Selling, Converting and Switching Units)) and return the net sale proceeds to you. We will not charge you for doing this. 14.2 We will inform you if we are made aware that, by reason of any failure to satisfy the Law, your ISA is (or will be) void or no longer entitled to any tax exemptions. Where possible, we will also tell you if HMRC will be in touch with you. 14.3 If your ISA is made void, all income in respect of that subscription will be taxable and all the invalid subscription monies and/or Units and income must be removed from the ISA. Valid ISAs from previous Tax Years will be unaffected.

Void ISAs. 14.1 15.1 Where we have opened an ISA and discover that the Application Form was invalid and neither you nor we are able to resolve the reason for the invalidity, we will inform you that this has happened. We will close your ISA, sell the Units (in accordance with section 6 (Buying, Selling, Converting and Switching Units)) and return the net sale proceeds to you. We will not charge you for doing this. 14.2 15.2 We will inform you if we are made aware that, by reason of any failure to satisfy the Law, your ISA is (or will be) void or no longer entitled to any tax exemptions. Where possible, we will also tell you if HMRC will be in touch with you. 14.3 15.3 If your ISA is made void, all income in respect of that subscription will be taxable and all the invalid subscription monies and/or Units and income must be removed from the ISA. Valid ISAs from previous Tax Years will be unaffected.

Void ISAs. 14.1 Where we have opened an ISA and discover that the Application Form was invalid and neither you nor we are able to resolve the reason for the invalidity, we will inform you that this has happened. We will close your ISA, sell the Units (in accordance with section 6 (Buying, Selling, Converting and Switching Units)) and return the net sale proceeds to you. We will not charge you for doing this.this.‌‌ 14.2 We will inform you if we are made aware that, by reason of any failure to satisfy the Law, your ISA is (or will be) void or no longer entitled to any tax exemptions. Where possible, we will also tell you if HMRC will be in touch with you. 14.3 If your ISA is made void, all income in respect of that subscription will be taxable and all the invalid subscription monies and/or Units and income must be removed from the ISA. Valid ISAs from previous Tax Years will be unaffected.

Void ISAs. 14.1 15.1 Where we have opened an ISA and discover that the Application Form was invalid and neither you nor we are able to resolve the reason for the invalidity, we will inform you that this has happened. We will close your ISA, sell the Units (in accordance with section 6 (Buying, Selling, Converting and Switching Units)) and return the net sale proceeds to you. We will not charge you for doing this. 14.2 15.2 We will inform you if we are made aware that, by reason of any failure to satisfy the Law, your ISA is (or will be) void or no longer entitled to any tax exemptions. Where possible, we will also tell you if HMRC will be in touch with you. 14.3 15.3 If your ISA is made void, all income in respect of that subscription will be taxable and all the invalid subscription monies and/or Units and income must be removed from the ISA. Valid ISAs from previous Tax Years will be unaffected.