skip to main content
ISAs Explained /

​Pension or ISA

Pension or ISA - What might you want to save with?
Selected ISAs

Stocks & Shares ISA

from Prudential

Allows ISA Transfers
Regular Savings
  • Protection Scheme: FSCS
  • Fund Choice: Four unique PruFunds
  • Invest From: £50 p.m. or £500 lump sum
  • Investment Options: Lump sums, regular savings and ISA transfers

Why we like it: Choose from 4 unique PruFund Funds, each one with a different level of risk and managed by Prudential’s in-house experts, and you can keep track of your investments 24/7 using their online valuation service. Open with as little as £50 per month or a one off lump sum of £500. The application process takes around 10 minutes and they also have a simple transfer process if you already have ISAs that you wish to move across. Other benefits include one simple annual management charge and no exit fee.

Investment Income Plan ISAs

FTSE 100 Enhanced Income Plan

from Investec

Allow ISA Transfers
Annual Income 4.35% fixed income
  • Counterparty: Investec Bank plc
  • Term: 5 years

Why we like it: Fixed income, fixed term, monthly payments and your capital back unless the FTSE falls by more than 50%. By offering a high fixed income rather than a variable income based on the performance of the stock market, this plans offers something different to income seekers.

  • 4.35% income paid regardless of the performance of the FTSE 100
  • Monthly income
  • Available for ISA, ISA transfer and direct investment
  • Capital is at risk if the FTSE 100 Index has fallen by more than 40% at maturity from it's initial level, in which case your initial investment will reduce by 1% for each 1% fall
  • Minimum investment £3,000
  • An arrangement fee applies for this plan
  • Product designed to be held for the full term

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Peer to Peer Lending ISAs

CROWD2FUND

from CROWD2FUND

ISA Option
Allows ISA Transfers
Regular Savings
Interest Rate Earn an estimated 8.70% APR on your investments
  • Term: 1 - 5 Years
  • Invest From: £10

Why we like it: Crowd2Fund’s Finance ISA is designed to make it easier for savers to invest while managing a diversified portfolio. You can transfer existing ISAs (Crowd2Fund will help you do this) and earn an estimated 8.7% APR* return tax free.

  • Currently 0% platform default rate
  • Access to your capital
  • EIS, SEIS & IFISA tax relief
  • Balance your level of risk
  • *Capital at risk
  • Peer to peer lending is not covered by the FSCS
Investment Fund Supermarket ISAs

Stocks & Shares ISA

from Charles Stanley

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: 1,500+ funds
  • Invest From: £50 per month or £500 single

Why we like it: Invest through an award winning FTSE company, with extensive research and analysis and competitive charges. Choose from a range of investments including shares, funds, gilts, bonds, investment trusts and ETFs.

Fixed Rate Cash ISAs

3 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.25%
  • Term: 3 Years

'Winner' – ISA Provider of the Year for the 5th year running Consumer Moneyfacts Awards 2011-15

  • 1.85% gross/AER fixed for 3 years.
  • £1,000 minimum opening balance

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

2 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.20%
  • Term: 2 Year

'Winner' – ISA Provider of the Year for the 5th year running Consumer Moneyfacts Awards 2011-15

1 Year Fixed Rate Cash ISA

from Aldermore

Interest Rate (AER) 1.00%
  • Term: 1 Year

'Winner' – ISA Provider of the Year for the 5th year running Consumer Moneyfacts Awards 2011-15

Easy Access Cash ISAs

30 Day Notice Cash ISAs

from Aldermore

Interest Rate (AER) 0.80%
  • Term: Easy Access

'Winner' – ISA Provider of the Year for the 5th year running Consumer Moneyfacts Awards 2011-15

  • Early withdrawals are permitted subject to loss of interest equivalent to the notice period
  • Open account with £1000

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Pension or ISA

Both pensions and ISAs offer a tax advantageous way to save for the future; however you may be unsure which the best vehicle for you to save with is. Which type of plan would suit you best essentially depends on how you want to save, and it is important to remember that you are not limited to having just one type product; you can have a pension, stocks and shares ISA and cash ISA if you wish to.

Accessibility

In early age it is important to consider that you will have little access to your pension savings before your 55th birthday, should you ever need them. Younger savers then may favour an Individual Savings Account (ISA) as they may need to access their savings before they reach the state pension age for things such as the deposit on a mortgage. Your specific circumstances will therefore likely affect at what ratio would be best for you to invest in ISAs and pensions.

Pensions

Are often made available through employers, called workplace schemes these work by contributions being taken automatically from your salary, employers often make contributions as well. Other schemes include; additional voluntary contribution schemes, personal and stake holder pensions, and self-invested personal pensions.

With defined contribution schemes any money you invest into the product is income tax-free, you also benefit from gaining contributions through government income tax relief, based on your tax rate. With workplace schemes contributions are usually taken from the salary of the saver before they receive any tax deductions.

ISAs

Are a kind of tax-efficient savings account, there is currently two distinct categories of ISA: Cash and Stocks and Shares. Every eligible person is allowed to invest up to their maximum annual allowance in a stocks and shares ISA, cash ISA or a combination of both.

  • Cash ISAs – Work in a similar way to standard savings accounts offered by banks and building societies. However interest the interest that accumulates on them is paid tax-free. Providers often offer different kinds of cash ISA products such as Instant Access which usually allow unlimited free withdrawals, or fixed rate products that tend to require you to lock your savings away for a predefined period of time.
  • Stocks & Shares ISAs – Offer a tax-efficient wrapper you can use to invest in various types of financial products such as; bonds and gilts as well as stocks and shares. With this kind of ISA you do not need to pay Capital Gains Tax or Income Tax on any profits made from the increase in value of your investments, within the ISA. Tax is still paid on dividends however. It is important to remember with this kind of ISA that you could get back less than you originally put in, if the value of your investments goes down.

Lifetime ISAs

A new kind of ISA is being launched in April 2017 designed to help people save for both their first home and their retirement simultaneously, find out more about it here.

If you would like to find out more about ISAs in general you may also want to read our full guide by clicking here to learn more about their workings:

Cash ISAs

ISAs are a tax-advantageous way to save or invest, check out some of the ISA options below

ISAs Products

Fund ISAs

There are a range of types of fund ISA

Fund ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

What is the best investment ISA?

20th June 2017

People often ask: “what is the best investment ISA?” The answer to this question is not a simple one, with the best investment ISA for you depending on a number of factors. 

Newsletter Signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

About us

ISA.co.uk is a trading style of Fair Investment Company.

We've been comparing and recommending ISAs for many years so you can trust you're in good hands.

About us

4.89 Average

35 Reviews

Paul

Very informative, find myself a good ISA account with best return in terms of interest.