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Sep 2020
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Our Top Picks for a Fund Supermarket ISA: September 2020

Our Top Picks for a Fund Supermarket ISA: September 2020

Are you shopping for a supermarket ISA? There is quite a lot out there, so it can be a bit overwhelming when you’re looking for the right deal for you. So we’ve broken down what you should be looking for, as well as our top picks for your Fund Supermarket ISA in September 2020. 

Are you shopping for a supermarket ISA? There is quite a lot out there, so it can be a bit overwhelming when you’re looking for the right deal for you. So we’ve broken down what you should be looking for, as well as our top picks for your Fund Supermarket ISA in September 2020.

What is a Fund Supermarket?

A Fund Supermarket ISA is an ISA which allows you to invest in a wide variety of different investments in one place.

Due to the ISA status of these accounts, you can invest up to £20,000 tax-free each tax year. The returns from this investment will be safe from the tax man, because an ISA is a tax-free wrapper.

What should I be looking for?

There’s quite a lot you need to consider when looking for a good fund supermarket ISA.

A good fund supermarket will offer:

  1. Index-Tracker funds- An easy and popular way to invest that follows the performance of a particular stock market
  2. Actively Managed funds - A good way to invest in a particular sector or region
  3. Multi Asset funds- A range of funds that invest in other funds (a fund-of-funds) or funds where assets are made up of a portfolio of company shares, bonds and cash (a mixed investment range)
  4. Income funds - Invest in funds lending money to a government or company, in return for an agreed level of interest over a set period
  5. Property fund – Funds that invest in commercial property
  6. ISA and SIPP Tax wrapper options
  7. Share dealing account options

Our Top Picks

Interactive Investor Stocks and Shares ISA

This is an award-winning ISA: and with it, you get a lot of control. It’s protected by FSCS and allows you to invest from £25 per month, or from £100 lump sum. It’s also very user-friendly, allowing you to open an account online in 10 minutes (or less). It offers low cost and trading fees in exchange for expert independent analysis of the market as well as investment ideas. They allow ISA transfers.

Fidelity Stocks and Shares ISA

This fund allows you to invest from £50 per month or with a £1000 lump sum. It offers a wealth of fund providers – over 100 providers, with over 2,000 funds to choose from. Their service fee is low (0.35% depending on investment) and is easy to maneuver with website guidance. They also offer access to useful tools to help first time investors get their head around the process.

Vantage Stocks and Shares ISA

This fund is FSCS protected and allows you to invest from as little as £25 per month, with a choice of over 2,500 funds for you to examine and chose between. It’s a very low cost option as well as being an award-winning option – making it a great choice for any investor. It is currently the UK’s number 1 platform for private investors, and is available from Hargreaves Lansdown.

AJ Bell Investment Fund ISA

This fund is a great option for someone looking to invest online. You can invest £25 per month, which makes this a low cost investment option. You’ll first need to open an account and then you’ll need to look at the funds. With this account you have plethora of funds to choose from: over 2,000. With so many accounts to choose from, it’s useful that AJ Bell have created a list of their favourite funds to help you choose the funds you want. 

Read more about Fund Supermarket ISAs

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.

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You've decided to invest your savings into a Stocks and Shares ISA. You'll be using your tax-free ISA allowance for this year before the deadline, while also investing your money for your future. But what do you need to consider before opening an account? We've put together a list of our top five considerations for you to think about before you click "apply". 

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