These Terms and Conditions apply to the holding of an Innovative Finance ISA containing bonds available through the Basset Gold website. The provisions of the Basset Gold Investor Terms and Conditions apply to the services provided by Basset Gold Limited in respect of bonds held within a Basset & Gold Innovative Finance ISA in addition to these Terms and Conditions. In the event of conflict between these Terms and Conditions and the Basset Gold Investor Terms and Conditions, the provisions of these Innovative Finance ISA Terms and Conditions will prevail.
In these Terms and Conditions, references to the ISA Regulations means the Individual Savings Account Regulations 1998 (as amended or replaced from time to time and other capitalized terms that are not defined herein shall bear the meaning given to them in the ISA Regulations, where applicable.
We do not charge a fee in respect of transfers into your account, where permitted pursuant to condition 7 of the Basset & Gold Innovative Finance ISA Terms and Conditions.
We charge a fee of £35 in respect of effecting a transfer out in accordance with condition 8 of the Basset & Gold Innovative Finance ISA Terms and Conditions.
We charge a fee of £25 in respect of dealing with a bankruptcy in accordance with condition 6 of the Basset & Gold Innovative Finance ISA Terms and Conditions.
In the event of the death of an investor, we charge a fee of £50 to manage the administration with the deceased estate’s executor. The deceased person’s spouse can, subject to compliance with the ISA Regulations, set up an ISA using the deceased person’s ISA allowance, which is called an Additional Permitted Subscriptions (APS). We charge a fee of £50 or 0.2% of the value of the APS (whichever is greater) to handle the administration costs of setting up an APS. We also charge an annual APS monitoring fee of £10 or 0.2% of the value of the APS per year (whichever is greater).
All fees are charged by deduction from your ISA balance.