CAT standard

The Government has defined a voluntary standard for certain kinds of ISAs - the CAT standard.  It stands for reasonable Charges. easy Access and fair Terms.

Whilst CAT standard won't guarantee investment performance, and the ISA you choose will depend on your investment goals, selecting a CAT standard ISA will ensure that you are not paying excessive charges and receiving fair terms.

By investing in an ISA that meets the CAT standard, you can be sure of an investment which is easy to understand and is value for money.  There will be no hidden extras - the maximum that can be charged on a ISA meeting the CAT standard is just 1% p.a.  What's more, the minimum lump sum contribution must be no higher than £500.  The minimum monthly contribution must be no higher than £50 per month.

However, you should note that the CAT regulations exclude any investment outside the EU which restricts your choice of markets and the opportunity to diversify investment around the world.