GRANT LABORATORIES INC

The stocks and shares component may include unit trusts, investment trusts, OIEC's, company shares, gilts and corporate bonds.

Life Assurance. The life assurance component covers certain types of life assurance products and permits with profits investments.

You can contribute with a single or regular premium, although with the latter there is no contractual commitment to continue payments.

There will also be 3 types of ISA; Maxi, Mini and TESSA only.

Maxi.

• A maxi must contain the stocks and shares component and may contain either or both of the other components as well (i.e. cash and/or life assurance). For example it could contain only the stocks and shares component or stocks and shares plus cash or assurance. Equally it could contain all three components. A maxi ISA comes from a single provider.
• Mini.
• A mini ISA is made up of just one component. Clients will be able to invest in up to three mini ISA's in one tax year providing they invest in only one of each component. Each component can come from a different provider if the client wishes.
• TESSA

This is an ISA with a cash component only, where an investor may subscribe up to the amount deposited in a matured TESSA. A TESSA only ISA can be opened in the same tax year as a Maxi or Mini ISA. Limits.

• Maxi ISA.
• The maximum total contribution to a maxi ISA is currently Ј7,000 per person in any one tax year. This could change in the future.

Mini ISA.