Aviva Stocks and Shares ISA
Aviva plc is a British multinational insurance company headquartered in London, United Kingdom. They offer a range of savings options and has around 33 million customers across 16 countries.
Why Choose a Stocks and Shares ISA?
If you need a tax-efficient and flexible way to invest then a Stocks and Shares Isa is the way forward. With all investments sheltered from capital gains tax and further income tax, it is becoming a way forward amongst ever decreasing interest rates offered by banks.
During the tax year, you are able to put your annual allowance in to investments, innovative finance or a cash ISA, or any mixture of the three.
Whether you’d like to put away a little money each month or invest a lump sum, you could receive a higher return on your savings when compared to other ISA accounts. It’s worth bearing in mind that there is an element of risk involved. There is no guarantee that you will withdraw more than you paid in and there can even be losses.
Investment ISAs are viewed as long term investments for a minimum of 5 years.
Aviva Stocks and Shares ISA Reviews
The Aviva Stocks & Shares ISA is a way of investing in order to make your money grow over time. It's tax-efficient, so you don't pay any income or capital gains tax on any returns you make and it doesn't need to be declared on your tax return. A Stocks and Shares ISA can be more risky than a cash ISA but, historically, the return on investment is greater over time
- Ready-made funds which are built by Aviva Investors. You can pick from 7 funds managed to different levels of risk
- The experts' shortlist: choose your own funds from a shortlist of around 70, selected by Aviva Investors
- The full funds range included around 2000 different options to choose from
- You don't have to choose your investments as soon as you open an ISA as they allow you to hold money in the account and earn a variable rate of interest
- You can set up payments of at least £50 a month or make a single payment of at least £500. Any other payments that follow must be at least £100
The option to choose from ready-made funds makes it great for beginners to investing but also allows more experienced investors to choose from a large range of funds.