Stocks and Shares ISA

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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.

You can put in up £20,000 this tax year, and you don't pay tax when you take the money out.

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Stocks and Shares ISA FAQs

Our Stocks and Shares ISA features

✓ 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.

✓ Hassle-free transfers
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.

✓ Potential to boost your ISA even further
Our Investment Booster and Healthy Living Discount could add extra money on top of returns.

✓ Take money out anytime
Take money out and add it back in the same tax year without affecting your annual ISA allowance.

Capital at risk

Open an ISA

Special offer - 100% cashback on your first year's product charges

We’ll refund all your product charges after 12 months when you open or transfer an ISA between 22nd July and 20th December 2019. And in year 2 onwards, you could continue paying no product charge when you take steps to being healthy. We call this the Healthy Living Discount. Capital at risk and terms and conditions apply.

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Why a Vitality ISA is different

You'll get all the same features as other Stocks and Shares ISAs, plus three unique benefits:

1. You could earn extra money - on top of returns

Our unique Investment Booster rewards loyalty by adding extra money to your ISA every 5 years when you invest in Vitality funds

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2. Access to discounts from leading brands

Open an ISA with us and you'll automatically be part of our Vitality Core healthy living programme which includes a range of discounts from well-known brands, including Champneys and Garmin

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3. You could pay no product charge

Maintain healthy lifestyle habits and you could save up to 100% on the product charge with our Healthy Living Discount

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How to set up your ISA

Apply online in minutes

Tell us a bit about yourself, and how much you'd like to invest. Choose your funds and we'll give you a projected value
You'll see a summary of your investment and the funds you've selected, plus all the key documents you need
If you're ready to invest, continue through the next steps to set up your plan. You'll need your NI number, and bank details if you're making monthly payments
Once you've submitted your application, you can login to Member Zone to monitor your application. Once it's accepted, you can view and manage your investment. You'll also have access to a range of discounts to help you engage in healthy living

Capital at risk
See what your ISA could be worth

Investment ISA allowance for tax year 2019-20

£20,000

Transfer your ISA to us

Transferring your Stocks and Shares ISA or Cash ISA to our VitalityInvest ISA is easy. All you need to do is open an ISA online and let us know how much you’d like to transfer. You’ll then have the opportunity for extra growth through our unique Investment Booster and Healthy Living Discount.

Capital at risk

Transfer your ISA now

Find out more

Please remember, the value of investments - and the income from them - can go down as well as up, meaning you may get back less than you invest. This information is based on our understanding of existing tax legislation which may change in the future.

A world of funds from leading investment managers

We’ve partnered with leading investment managers, Investec Asset Management and Vanguard, to offer you a range of 15 Vitality funds, catering to a range of risk levels. Each is designed to help you grow your ISA - plus when you invest in these funds, you’ll be able to take advantage of our Investment Booster – get up to 15% extra – on top of returns – over 25 years. Simply choose Select a Fund when setting up your ISA.

Plus, we offer a range of over 350² complementary funds from other well-known providers. Select Build a Portfolio when setting up your ISA to add these to your plan.

Explore our fund range

What are our ISA charges?

The cost of investing with us is clear, with no surprises. There’s no charge for opening a plan, but there is for the ongoing management of your ISA:

Product charge - with our Healthy Living Discount you could pay no product charge at all. Otherwise, it’s tiered, starting from 0.5%p.a - the more you invest, the lower the charge rate you pay*.

Fund charge - for the ongoing management of the funds you choose.

For more details please read:
VitalityInvest ISA Plan Summary
Terms and Conditions
Charges Schedule

Find out more

Did you know?

is invested in Stocks and Shares ISAs every year in the UK ³
of UK adults have savings or investments
ISA accounts were opened in the UK in the 2017-18 tax year

A few things to consider before you start

If 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

Do you pay tax on a Stocks and Shares ISA?

No, ISAs are a tax-free way to invest. Whilst your ISA remains invested, there is no tax to pay so HMRC doesn’t require you to give them any information about it - we do that on your behalf.

Can you withdraw money from a Stocks and Shares ISA?

You can take some or all of your money out at any time, without charge, and it won’t be taxed. Our Stocks and Shares ISA is a flexible ISA, so you can take out money then put it back later in the same tax year - without reducing your current year’s allowance.

Can I open a Cash ISA and a Stocks and Shares ISA in the same year?

You can open both a cash ISA and a Stocks and Shares ISA in the same tax year – however the total amount invested in both ISAs cannot exceed £20,000 in the 2019/2020 tax year.

Can I change the funds in my ISA?

Yes, you can do this any time you like. Just login to Member Zone and manage your investment online.

Why might a Stocks and Shares ISA be better than a Cash ISA?

Stocks and Shares ISAs invest your money in funds, unit trusts, bonds and shares in companies. So, if you’re willing to take some risk with your money, and invest over the long term, they have the potential to earn you higher returns than Cash ISAs.

Who can open a Stocks and Shares ISA?

To open an 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
• 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?

There’s no legal lower limit, but different ISA providers ask for different minimum amounts. The minimum amount to open a VitalityInvest ISA is £50 per month, or a single payment of £1,500.

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?

As long as the investments are kept within an ISA, you don’t have to pay income tax or capital gains tax on the growth of those investments. Any dividends received in the ISA won’t impact your personal dividend allowance.

What if I accidentally pay too much into my ISA?

Don’t worry, HMRC will notice this has happened and contact you. The ISA provider will then return the excess amount to you. But if you spot the error first, you can contact HMRC and let them know.

What's meant by 'flexible ISA'?

A flexible ISA allows you to stop, start, increase or decrease contributions, and withdraw money, whenever you like. It also means you can take money out, then put it back later in the same tax year - without charge, and without reducing your current year’s ISA allowance.

How does a Vitality ISA work?

Once you've read and understood the risks and benefits of investing, you can apply in minutes. Then, once we receive your money, we’ll get your ISA up and running straight away. You can make regular payments by Direct Debit, or make single contributions by bank transfer. We can also accept transfers of your existing ISAs from other providers.

Can I set up an ISA for my child?

Yes, you can. It’s called a Junior ISA (JISA), and you can open one as long as:

• 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 £4,368 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?

You won’t be able to put money into the ISA after the tax year in which you move (unless you’re a Crown employee working overseas or their spouse or civil partner). But you can keep your ISA open and you’ll still get UK tax relief on it. You must tell your ISA provider as soon as you stop being a UK resident. If you return and become a UK resident again, you can start paying into your ISA again.

If I die, what happens to my ISA?

Your ISA can be transferred to your spouse or civil partner, or anyone else you name in your will, if you’ve made one.

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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Monday to Thursday: 9am – 7pm
Friday: 9am – 6pm
Saturday: 10am – 2pm
Sunday: Closed

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* If you open an ISA with us and earn enough Vitality points through our Vitality Core healthy living programme to reach Platinum status, the product charge is zero. Terms and conditions apply. Learn more.

1 Investec assets under management at 30 September 2018: £109.2 billion Vanguard assets under management at 31 January 2019: £3.9 trillion
2 Source: VitalityInvest Retirement Plan VitalityInvest ISA and Junior ISA Fund List October 2018
3 Source: The Investment Association/Mintel October 2017
4 Source: HM Revenue and Customs Individual Savings Account (ISA) Statistics, August 2018