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7th
Jan 2021
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How to Make the Most of Your Fund Supermarket ISAs in 2021

How to Make the Most of Your Fund Supermarket ISAs in 2021

If you are looking for a easy way to manage your ISA investments then a Fund Supermarket may be right for you.  When looking to for an Investment ISA, this can be a great place to start. 

Are you shopping for a supermarket ISA? 

There are quite a lot of fundsupermarkets to choose from, so it's important to do your shopping around when looking for the right one for you.

What is a Fund Supermarket?

A Fund Supermarket ISA account 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:

  • Low cost index tracker funds - An easy and popular way to invest that follows the performance of a particular stock market
  • Actively managed funds - A good way to invest in a particular sector or region
  • 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)
  • Income funds - Invest in funds lending money to a government or company, in return for an agreed level of interest over a set period
  • Property funds – Funds that invest in commercial property
  • Direct investment accounts, ISA accounts and SIPP account options
  • Share dealing account options

Our Top Picks for Fund Supermarket ISAs in 2020/2021

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 platform for picking investments, allowing you to open an account online in 10 minutes (or less). It offers a low cost fixed monthly fee service, expert independent analysis of the market as well as investment ideas in video format. 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 it is easy to use their website. They also offer access to useful tools to help first time investors get their head around the process.

Hargreaves Lansdown 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 here. 

Important information - Unlike cash, the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. Our service, which is not personal advice, is designed for investors who are happy making their own investment decisions. If you're unsure of the suitability of an investment please seek advice. Tax rules can change and the value of any benefits depends on your personal circumstances.

Investment Fund Supermarket ISAs

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: Select from over 4,000 funds. Large selection of UK shares. Investment trusts, ETFs and investment portfolios put together by experts.
  • Invest From: £25 per month or lump sum from £1,000

Why we like it: Investment choice from over 100 fund providers, giving you access to 4,000+ funds. Great service – from investment guidance on website through to UK-based phones team. PathFinder, Select 50, Investment Finder - investing tools for beginners to advanced investors. 24/7 access via online Account Management system.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Stocks & Shares ISA

from Legal & General

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: Choose from 50+ L&G funds including low cost index tracker funds, multi asset, fixed income, property & equity funds. Alternatively let L&G managed your funds for you based on your risk profile.
  • Invest From: £20 per month or £100 single

Why we like it: With L&G there is no platform service fee. Legal & General can help you save for a brighter future with their stocks and shares ISA. Choose from over 50 funds, including ready-made investment options that spread your money across different investments for you and sustainable funds that seek to make a positive difference without compromising financial returns. 

Important: Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest.

Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds or select a ready made portfolio. Investment trusts, ETFs, Bonds & Gilts. Option to invest in 6 low cost funds selected by experts to get you started.
  • Invest From: £25 a month or any lump sum

Why we like it: An award-winning ISA that gives you complete control. The second largest platform in the UK with the widest choice of investment options in the market including funds, investment trusts, ETF’s and more. Strong ethical investment proposition with more than 140 investment options. Open online in less than 10 minutes. Access to expert independent ideas and analysis. Low cost fees and trading.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: 2,500+ Funds
  • Invest From: £25 pm

Why we like it: Choose your own funds or alternatively a ready made portfolio. Market-beating savings and discounts of up to 5.5%. No charge to buy and sell funds. Low, tiered annual charges for holding funds, with a maximum of just 0.45% per annum. Free fund updates and analysis from experienced research team. Invest with a financially secure, FTSE 100 company.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: 2000+ Funds
  • Invest From: £25 pm

Why we like it: It is simple to invest in a fund online. You will need to open an account first and then choose the fund you are interested in investing in. There are over 2,000 funds to choose from but to make it easier for you AJ Bell have created their favourite funds list which is their pick of the best funds. 

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

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.

High Income ISAs

High income ISA ideas:

ISAs Products

Cash ISAs

Fixed Rate & Instant Access ISAs:

Cash ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

How much can I pay into an ISA?

26th January 2021

Each tax year, there's a limit set by the government to the amount you can save and invest in ISAs: your “annual ISA allowance”. The allowances are intended to reward savers and encourage us to invest more to support our future retirements, without creating a tax haven that can be taken advantage of by very wealthy individuals who just want to avoid paying tax.

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