What is a Stocks and Shares ISA?‘ISA’ stands for Individual Savings Account, and it’s a tax-efficient way to invest your money. While you’d pay tax on interest from a savings account, an ISA lets you keep all the gains. As a result, your investment pot could have a better chance to grow.
A Stocks and Shares ISA invests in funds, unit trusts, bonds and shares in companies. You can decide the exact make-up of your ISA, and change it whenever you like.
If you’re willing to take some risk with your money, Stocks and Shares ISAs have the potential to offer higher returns than Cash ISAs.
How much can I invest in an ISA?
Our Stocks and Shares ISA with Healthy Fee Saver
Easy to start
Open a plan with as little as £50 a month, or a lump sum of at least £1,500. You can apply online in minutes.
Easy to manage
Stop, start, increase or decrease regular contributions, and pay in lump sums at any time. Login to Member Zone to view and manage your investment.
Take money out anytime
Take money out and add it back in the same tax year without affecting your annual ISA allowance.
Just tell us how much you want to transfer and we’ll do the rest. Transfers don’t affect your £20,000 annual ISA allowance for this tax year.
How is our Stocks and Shares ISA with Healthy Fee Saver different?
The Vitality Programme
Opening a plan with us gives you automatic access to our Vitality Programme at no extra cost. It’s designed to help you take steps towards a healthier future and rewards you with real financial benefits. It also includes discounts on travel, coffee, hotels, trainers and much more. Learn more about the Vitality Programme.
Healthy Living Discount
Through our Healthy Living Discount, the more you look after your health, the lower your product charge can be – as little as zero every year, when you invest in Vitality funds and reach Platinum Vitality Status. This helps you keep more of your money invested and gives you the best chance of meeting your long-term savings goals.
Learn more about the Healthy Living Discount.
A world of funds from leading investment managers
Plus, we offer a range of over 500 funds from other well-known providers.
What are our ISA charges?
Product charge - starts from 0.45%p.a and is for administering your plan. It’s tiered so the more you invest, the less the charge rate you pay. And with the Healthy Living Discount you could reduce the product charge. In fact, you might not have to pay one at all.
Fund charge - for the ongoing management of the funds you choose.
For more details please read:
VitalityInvest ISA Plan Summary
Terms and Conditions
Transfer an ISA to us
A few things to consider before you startIf you’re opening a VitalityInvest ISA without taking financial advice, please remember that:
- Returns on your investment aren’t guaranteed
- A Stocks and Shares ISA is a long-term investment: at least five years
- To open an ISA you must be at least 18 years old and a UK resident, as defined by Her Majesty’s Revenue & Customs (HMRC)
- You’ll be opening and managing your ISA online
- The value of your ISA may go down as well as up and you may get back less than you invest
Stocks and Shares ISA FAQs
Do you pay tax on a Stocks and Shares ISA?
Can you withdraw money from a Stocks and Shares ISA?
Can I open a Cash ISA and a Stocks and Shares ISA in the same year?
Can I change the funds in my ISA?
Why might a Stocks and Shares ISA be better than a Cash ISA?
Who can open a Stocks and Shares ISA?
• Resident in the UK. Or, if you don’t live in the UK, you must be a Crown servant (for example diplomatic or overseas civil service) or their spouse or civil partner
• Age 18 or over
You can’t hold an ISA with, or on behalf of another adult. But you can open a Junior ISA (JISA) for a child under 18.
Is there a minimum amount I need to open an ISA with?
How much can I pay into ISAs?
Currently, each tax year you can pay up to £20,000 into ISAs. That’s the ISA allowance set by Her Majesty's Revenue & Customs (HMRC).
What makes a Stocks and Shares ISA tax-efficient?
What if I accidentally pay too much into my ISA?
What's meant by 'flexible ISA'?
How does a Vitality ISA work?
Can I set up an ISA for my child?
• You’re the child’s parent or legal guardian
• The child is under 18
• The child doesn’t have a Child Trust Fund (if they do have a CTF, you can open a Junior ISA provided that you transfer the full CTF)
• Your child is a resident of the UK
Currently, you can pay up to £9,000 into a Junior ISA each tax year, and the child can only access the money when they turn 18.
Find out more about Junior ISAs.
Please note, to open a VitalityInvest Junior ISA, you must be resident in the UK. Or, if you don’t live in the UK, you must be a Crown servant (for example diplomatic or overseas civil service) or their spouse or civil partner.
What happens to my ISA if I move abroad?
If I die, what happens to my ISA?
It’ll stay open until either your executor closes it or the administration of your estate is completed. If neither of these things happens within three years and one day of your death, your ISA provider will close the ISA. There’ll be no income tax or capital gains tax to pay up to that date, but ISA investments will form part of your estate for the purposes of inheritance tax.
For the exact details it’s best to check the terms and conditions of your ISA for details.
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2Source: HM Revenue and Customs Individual Savings Account (ISA) Statistics, August 2018