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First Direct ISA

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FTSE 100 Tracker Fund ISA

from Legal & General

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE 100 Index
  • Invest From: £50 pm
  • Investment Options: Invests in shares of the 100 largest companies listed on the London Stock Exchange.

Why we like it: A low cost way of looking for capital growth by tracking the 100 most capitalised mature companies listed on the London Stock Exchange.  No initial charges. You can invest up to £20,000 this tax year, with a low minimum of £100 lump sum or £20 per month, and you can manage your account easily online. 

This fund is available via Hargreaves Lansdown - they are currently offering a 0.40% discount off the standard ongoing fund charge so you will actually pay 0.06% pa if you invest via their fund platform.

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 Moneyfarm

ISA Option
Allows ISA Transfers
Regular Savings
  • Protection Scheme: FSCS
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed
  • Invest From: £1,500

Why we like it: Answer questions about your goals, financial situation and attitude to risk, and Moneyfarm will recommend the right ISA portfolio for you, built and managed by experts to help your money grow. You’ll always be invested in a portfolio that’s suitable for you, and you can manage this through the Advice Centre. See what you’re invested in, how you’re performing and how much you’re paying anywhere and any time with the Moneyfarm app. Add money to your ISA by setting up a direct debit, investing a lump-sum, or by transferring old ISAs for free

Investment Fund Supermarket ISAs

Interative Investor Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: 40,000+ UK and global investments
  • Invest From: £25 pm or £100 single

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. 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.

Investment Growth Plan ISAs

FTSE 100 Enhanced Kick Out Plan

from Investec

Allow ISA Transfers
Maximum Potential Return 8.50% per annum
  • Counterparty: Investec Bank plc
  • Term: Up to 6 years

Kick out plans seem to attract particular interest when markets are repetitively flat since they can provide competitive returns even if the FTSE stays relatively flat with the potential for 8.5% annual growth.

Important: 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.

  • 8.5% for each year (not compounded) provided the FTSE 100 finishes higher than its starting value (subject to averaging)
  • Potential to mature early, from year 1 onwards
  • 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
  • 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.

 First Direct ISA

You may be wondering if a First Direct ISA is the best place to put your annual maximum allowance, First Direct have both Cash and Socks & Shares ISA options, however in addition to seeing what a First Direct ISA can offer you should shop around to see what other providers can offer too, you can use the table below to compare a selection of best buys from various different providers to see if you can find the best buy plan for your specific needs.

First Direct ISA

 

First Direct Cash ISA

The First Direct Cash ISA lets you earn tax free interest at a variable rate on savings from £1. Interest is calculated daily and paid money and instant access can be done by transfer to another First Direct Account. Transfers from other providers are allowed.

First Direct Stocks & Shares ISA

The First Direct Stocks & Shares ISA offers a tax-efficient wrapper for you to self-select investments in eligible equities; trades can be made both online and over the telephone.

 

Types of ISA

Before you take out any kind of Individual Savings Account is a good idea to understand it’s features and to shop around to make sure you are making the best choice for your personal circumstances. There are two distinct categories of ISA; Cash and Stocks & Shares. You are not allowed to have more than one of each type of ISA in each tax year. If you decide to open of each type of ISA then your annual maximum allowance still stays the same so you will have to break it up between the two ISAs but you can do so at any ratio you desire.

 

  • Cash ISAs – These are essentially a savings account, the only real difference from any other savings account offered by a bank or building society is up to your maximum allowance any interest that accumulates on the account is tax-free. A provider may offer different types of ISA that offer different levels of access to your saving of the term of the investment, Such as; Fixed rate which usually require the saver to lock their cash away without access for a fixed term, Instant Access which allow you to make withdrawals whenever you want and Easy Access accounts that provide limited access for withdrawals. Generally speaking less access to your savings during the term an account permits the better its rate of interest.

 

  • Stocks & Shares ISAs – This kind of ISA is not really an investment in themselves, they are instead tax-efficient investments accounts that can be used to invest in other products such as; gilts, funds, shares and stocks. There are self-select ISAs which allow you to directly choose investments others work on a collective investment scheme basis where money is pooled together into a fund with other investors. With ISAs you do not need to pay capital gains tax or income tax up to your maximum allowance, however you do still need to pay tax on dividends you might receive.

ISA Transfers

All providers have to allow you to transfer to another provider, however ISA providers do not necessarily have to allow transfers-in. Providers may put a penalty of transfers out so, factoring in that penalty you should first check before you move if you’d actually receive more interest overall staying put. 

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Stocks & Shares ISAs

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Stocks and Shares ISAs

Latest News

Investment ISA Pros and Cons

7th August 2020

The tax-free returns offered by an Investment ISA (otherwise known as a Stocks and Shares ISA) can be very tempting at first glance - however, as with any investment, it is important to weigh up the pros and cons. So we've put together a list of what you need to consider before opening your own Stocks and Shares ISA account. 

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