Planning for the future has never been more important. With our Stocks and Shares ISA and Stocks and Shares Junior ISA your clients can build a portfolio to manage a lifetime of investments.
ISAs are tax-efficient ways to save, suitable for medium to long-term saving, and can be used to provide your clients with income or growth potential.
ISA flexibility - an even more flexible way to save
We’ve introduced ISA flexibility, so your clients can make the most of their annual ISA allowance. Your clients can now withdraw and replace funds in the same tax year without affecting their annual allowance – giving more control over their savings.
Stocks and Shares ISA
With our Stocks and Shares ISA you can access around 4,200 investment options (as at December 2023), including shares and commercial property, fixed interest securities and cash.
You can also:
- Save up to £20,000 (2024/25 tax year).
- Use our simple online processes to apply, switch funds, top up and perform a GIA to ISA switch.
- Have round the clock access to valuations and transaction history.
- Use the cash facility to keep track of incoming and outgoing investments.
Re-registration
ISA transfers can be made by re-registration or by cash transfer. New contributions into the Stocks and Shares ISA have to be in cash, except where a client's additional permitted subscription allowance relates to a deceased investor’s Aegon ISA, in which case re-registration of the funds could be possible.
Cash transfer
Cash transfers are ideal for clients who want to select different funds during their transfer to us (for example, portfolio re-balancing), or who hold funds that aren’t available for re-registration.
Cash ISA
Clients are able to transfer their existing cash ISA into a Stocks and Shares ISA, without losing the ISA status of their cash ISA.
Stocks and Shares Junior ISA
As people start to live longer, there may be times when your clients need their money to work harder. And that’s where our Junior ISA comes in and can help start build a solid financial future for their family.
Product features
- Automatically transfers to a stocks and shares ISA once the child turns 18.
- £9,000 savings limit for the 2024/25 tax year.
- Withdrawals from age 18 but the child can manage their account from age 16.
- A long-term savings vehicle to help save for a child’s future, prepare them for the future and help teach them about the benefits of saving.
The flexible ISA subscription rules introduced on 6 April 2016 don’t apply to this JISA. This means withdrawals from this JISA can’t be replaced without them counting against the annual subscription limit.
Documents you may need
The value of a stocks and shares ISA can fall as well as rise, and clients may get back less than they invest. Your clients should be prepared to hold the investment for at least five years – ideally longer.
The favourable tax treatment of ISAs may not be maintained in the future and is subject to change. The value of any tax benefits depends on individual circumstances.